Capital First board approves Rs. 750 million of nonconvertible debt

By Tali Rackner

Minneapolis, June 15 – Capital First Ltd. informed the Bombay Stock Exchange that the debenture committee of its board of directors met on Thursday and approved the allotment of Rs. 750 million secured redeemable nonconvertible securities.

The 750 debentures, which will be rated and listed, will be issued in a private placement.

The debt will be listed on the National Stock Exchange of India Ltd.

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

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