India’s Capital First issues Rs. 3.4 billion of redeemable debentures

By Tali Rackner

Minneapolis, May 4 – Capital First Ltd. informed the Bombay Stock Exchange that the debenture committee of its board of directors met on Friday and approved an issue of Rs. 3.4 billion of secured redeemable nonconvertible debentures, according to a notice.

The rated and unlisted debentures, with a face value of Rs. 1 million each, were issued on a private placement basis.

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

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