By Tali Rackner
Norfolk, Va., July 19 – Capital First Ltd. informed the Bombay Stock Exchange that it raised Rs. 1.7 billion through an issue of secured nonconvertible debentures.
The 1,702 debentures, which will be rated and listed, were issued in a private placement at a price of Rs. 1 million each.
The issue was approved at a board meeting held Tuesday.
The notes will be listed on the National Stock Exchange of India Ltd.
Capital First is a Mumbai-based consumer and wholesale business financial services provider.
| Issuer: | Capital First Ltd.
|
| Issue: | Secured nonconvertible debentures
|
| Amount: | Rs. 1,702,000,000
|
| Allotment date: | July 19
|
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