India’s Capital First board OKs Rs. 5 billion of nonconvertible debt

By Sarah Lizee

Olympia, Wash., Jan. 25 – Capital First Ltd. informed the Bombay Stock Exchange that its board of directors approved the allotment of Rs. 5 billion of secured redeemable nonconvertible debentures in a private placement.

The committee met on Thursday to consider and approve the issue.

The 5,000 rated debentures have a face value of Rs. 1 million each and 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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