India’s Capital First plans Rs. 2.9 billion secured redeemable notes

By Susanna Moon

Chicago, May 3 – Capital First Ltd. notified the Bombay Stock Exchange that it plans to sell Rs. 2.9 billion of secured redeemable debentures.

Capital will issue 2,900 debentures with a face value of Rs. 1 million each by way of private placement, according to the company notice.

The issue was approved at a board meeting on Wednesday.

The debentures will be rated and listed.

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

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