IndoStar Capital Finance Limited — Others, 24-10-2024: Monitoring Agency Report

IndoStar Capital Finance Limited reported on the utilization of proceeds from its preferential issue of convertible warrants for the quarter ending September 30, 2024. The Monitoring Agency, CRISIL Ratings Limited, confirmed no deviations in fund usage and declared that all proceeds adhered to the proposed objectives. The company received 25% of the total issue proceeds, totaling approximately ₹500 million, while the remaining funds will be available upon warrant conversion over the next 18 months.