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Capital First board approves up to Rs. 500 million of redeemable bonds
By Tali David
Minneapolis, May 3 - Capital First Ltd. informed the Bombay Stock Exchange that its board of directors has inter alia approved a proposed issue of unsecured redeemable nonconvertible subordinated debentures in one or more tranches, for an aggregate amount up to Rs. 500 million.
The debentures will be issued on a private placement basis.
Capital First is based in Mumbai.
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