India’s Capital First approves up to Rs. 500 million of debentures

By Wendy Van Sickle

Columbus, Ohio, Sept. 28 – Capital First Ltd.’s board of directors on Tuesday approved issuing up to Rs. 500 million of redeemable, transferable, unsecured, non-convertible subordinated debentures, tier II, according to a notice with the Bombay Stock Exchange.

The debentures will be issued on a private placement basis.

Capital First is a financial services provider based in Mumbai.

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