India’s Capital First approves Rs. 3 billion debenture issue

By Tanya Meyer

Chicago, Jan. 5 – Capital First Ltd. has informed the Bombay Stock Exchange that its debenture committee has approved the issuance of Rs. 3 billion in secured, redeemable, non-convertible debentures.

The debentures, with a face value of Rs. 1 million each, were issued on a private placement basis, according to a news release.

The debentures will be listed on the Wholesale Debt Segment of the National Stock Exchange of India Ltd.

Capital First is a Mumbai-based, consumer and wholesale business finance services provider.

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