India’s Capital First directors approve Rs. 3 billion of debentures

By Wendy Van Sickle

Columbus, Ohio, Aug. 10 – Capital First Ltd.’s board of directors’ debenture committee on Monday approved the issuance of Rs. 3 billion listed, rated, secured, redeemable, nonconvertible debentures, according to a notice with the Bombay Stock Exchange.

The debentures will be issued on private placement basis.

Capital First is a financial services provider based in Mumbai.

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