India’s Capital First raises Rs. 250 million with tier II debentures

By Tanya Meyer

Chicago, Nov. 20 – Capital First Ltd. informed the Bombay Stock Exchange on Friday that it has raised Rs. 250 million by issuing tier II listed, rated, redeemable, transferable, unsecured, non-convertible subordinated debentures by private placement.

The Debenture Committee of the company’s board of directors designated 250 of the non-convertible debentures with a face value of Rs. 1 million each.

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

Capital First is a Mumbai-based financial services provider.

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