Five-star Finance to issue INR 40bn in debentures

Five-Star Business Finance [BSE: FIVESTAR] announced its Board of Directors' approval for the issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹40 billion (INR 4000 Crores). The decision was made at a board meeting held on March 17, 2025. The NCDs will be issued through private placement, in one or more tranches and/or series, at a time to be determined. Specific details regarding the tenure, allotment date, maturity date, and coupon/interest rates will be disclosed at the time of allotment. The stock exchanges will be notified when the debt is allotted. This strategic move aims to provide the company with additional financial flexibility.