India’s Capital First raises Rs. 1 billion via nonconvertible debt

By Sarah Lizee

Olympia, Wash., June 7 – Capital First Ltd. informed the Bombay Stock Exchange that the debenture committee of its board of directors met on Thursday and approved an allotment of Rs. 1 billion of unsecured redeemable nonconvertible debentures, according to a notice.

The rated and listed 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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