Capital First raises Rs. 3.5 billion via nonconvertible debentures

By Tali Rackner

Norfolk, Va., Aug. 4 – Capital First Ltd. informed the Bombay Stock Exchange that its board of directors approved the allotment of rated secured redeemable nonconvertible debentures and it has fully raised Rs. 3.5 billion through the private placement of those debentures.

The company allotted of 3,500 of the debentures with the face value of Rs. 1 million each.

They will be listed on the National Stock Exchange of India Ltd.

Capital First is a financial services provider based in Mumbai.

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