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India’s Capital First board OKs Rs. 5 billion of nonconvertible debt
By Tali Rackner
Minneapolis, April 5 – Capital First Ltd. informed the Bombay Stock Exchange that its board of directors met on Wednesday and approved an offering of Rs. 5 billion secured redeemable nonconvertible debentures with a Rs. 2 billion greenshoe.
The debentures, which will be rated and listed, will be issued in a private placement.
Capital First is a Mumbai, India-based consumer and wholesale business financial services provider.
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