India’s Capital First plans Rs. 950 million of redeemable debentures

By Susanna Moon

Chicago, March 14 – Capital First Ltd. notified the Bombay Stock Exchange that it had allotted Rs. 950 million of secured redeemable debentures in a private placement.

The company will sell 950 debentures with a face value of Rs. 1 million each, according to the company announcement.

The issue was approved at a board meeting held Tuesday.

The debentures will be rated and listed on the National Stock Exchange of India Ltd.

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

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