Indostar Capital Finance has approved the issuance of ₹600 crore worth of Non-Convertible Debentures (NCDs) in three series, offering a yield of 9.25%. The tenors for these NCDs range between 18 and 21 months.

Motilal Oswal forecasts a compound annual growth rate (CAGR) of 23% for Indostar's Assets Under Management (AUM) by fiscal year 2028, leading to a potential 24% increase in share price, with the brokerage setting a target of Rs 270. The growth, however, depends on Indostar's successful execution strategies.