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Capital First board OKs up to Rs. 500 million nonconvertible bonds
By Tali Rackner
Norfolk, Va., Sept. 18 – Capital First Ltd. informed the Bombay Stock Exchange that its board of directors met on Thursday and approved the proposed issue of Rs. 500 million unsecured nonconvertible perpetual debentures.
The debentures will be issued in one or more tranches on a private placement basis.
Capital First is based in Mumbai.
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