India’s Capital First committee approves Rs. 50 million of debentures

By Wendy Van Sickle

Columbus, Ohio, Sept. 29 – Capital First Ltd.’s board of directors’ debenture committee approved the allotment of Rs. 50 million of tier II redeemable unsecured non-convertible subordinated debentures, according to a notice with the Bombay Stock Exchange.

The debentures will have a face value of Rs. 1 million each.

The company also said it has fully raised Rs. 500 million via private placement of non-convertible debentures.

The debentures 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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