India’s Capital First considers private sale of redeemable perpetuals

By Susanna Moon

Chicago, June 8 – Capital First Ltd. notified the Bombay Stock Exchange that it may issue redeemable perpetual debentures in a private placement.

The company’s board of directors will consider the issue at a meeting set for June 13, according to a notice.

If approved, the debentures would be listed on the debt market 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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