Capital First board approves up to Rs. 2.5 billion of redeemable bonds

By Tali David

Minneapolis, March 1 - Capital First Ltd. informed the Bombay Stock Exchange that its board of directors has approved a proposed up to Rs. 1.5 billion issue of secured redeemable nonconvertible debentures in one or more tranches and up to Rs. 1 billion of unsecured redeemable nonconvertible tier-I securities.

The debentures will be issued on a private placement basis.

Capital First is based in Mumbai.

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