India’s Capital First issues Rs. 1 billion debentures, to discuss more

By Wendy Van Sickle

Columbus, Ohio, Sept. 15 – Capital First Ltd. issued Rs. 1 billion of secured redeemable nonconvertible debentures on Thursday, according to a Bombay Stock Exchange notice.

The 1,000 debentures with a face value of Rs. 1 million each were issued by private placement.

The company’s debenture committee will meet Tuesday to consider a further placement of nonconvertible debentures, according to the notice.

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

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