India's Indostar Capital Finance rises 6.1 pct on market debut

IndoStar Capital Finance

21/05/2018 05:36

May 21 (Reuters) - Shares of Indostar Capital Finance Ltd
 INAC.NS  rose as much as 6.08 percent on their trading debut on
Monday after the non-banking finance firm's initial public
offering raised 18.44 billion rupees ($270.65 million).
    The stock was trading at 596.4 rupees, as of 0434 GMT,
compared with the IPO issue price of 572 rupees.
    The IPO was subscribed more than six times on the last day
of sale earlier in the month.  urn:newsml:reuters.com:*:nL3N1SI3LF 
    
    ($1 = 68.1325 Indian rupees)

 (Reporting By Arnab Paul in Bengaluru, Editing by Sherry
Jacob-Phillips)
 ((arnab.paul@thomsonreuters.com; +91 8067491310; Reuters
Messaging: arnab.paul.thomsonreuters.com@reuters.net))