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Capital First to raise funds on private placement basis

By Religare
|

Financial services provider Capital First Ltd said its Debenture Committee has approved the issue of listed, rated, redeemable, transferable, unsecured, non-convertible subordinated debentures (tier II) (NCD) of Rs 25 crore plus green shoe option of Rs 25 crore on private placement basis.

In a filing to the Bombay Stock Exchange, the company said, "The Debenture Committee constituted by the Board of Directors of the company at its meeting held on December 29, 2015, has inter - alia approved a issue of Listed, Rated, Redeemable, Transferable, Unsecured, Non-Convertible Subordinated Debentures (Tier II) ("NCD") of INR 25,00,00,000 plus green shoe option of INR 25,00,00,000 on private placement basis."

 

The company provides financial services to the retail and MSME customers in India. It offers loans against property, two-wheeler loans, durable loans, and business loans. It also provides auto, health, home, personal accident, travel, and life insurance products; and working capital finance, and real estate and developer funding.

Meanwhile, shares of the company were trading at Rs 415.65 apiece, up 0.42 per cent, from previous close on BSE at 13:14 hours.

Story first published: Wednesday, December 30, 2015, 23:00 [IST]
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