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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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