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Published on 9/18/2014 in the Prospect News Emerging Markets Daily.

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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