IndoStar Capital Finance Limited announced that the board of directors of the company vide Circular Resolution #7/2021-22 dated 3 January 2022 approved allotment of 500 - 7.80% ICFL Series XLVI 2024 Rated Listed Secured Redeemable Taxable Non-Convertible Debentures of face value of INR 10,00,000 each, for cash, at par, aggregating to INR 500 million on Private Placement Basis. Tenor: 24 months from the Deemed date of Allotment.