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Published on 12/15/2015 in the Prospect News Emerging Markets Daily.

India’s Capital First approves Rs. 200 million in tier II debentures

By Tanya Meyer

Chicago, Dec. 15 – Capital First Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 200 million in unsecured, redeemable, non-convertible subordinated tier II debentures.

The debentures will be issued on a private placement basis, with a green shoe option of Rs. 300 million, according to a news release.

Capital First is a Mumbai-based financial services provider.


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