India’s Capital First raises Rs. 500 million in debenture issue

By Tanya Meyer

Chicago, Jan. 29 – Capital First Ltd. announced it has raised Rs. 500 million in secured, redeemable, transferable, non-convertible debentures, after its debenture committee approved the issuance, according to a notice with the Bombay Stock Exchange.

The debentures, with a face value of Rs. 1 million each, will be issued on a private placement basis and listed on the wholesale debt segment of the National Stock Exchange of India Ltd.

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

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