By Marisa Wong
Morgantown, W.Va., June 27 – Capital First Ltd. informed the Bombay Stock Exchange that its debenture committee approved on Wednesday the allotment of Rs. 990 million principal amount of rated and listed secured redeemable non-convertible debentures.
The company said it raised Rs. 986,118,625.80 from a private placement of the non-convertible debentures.
The debt will be listed on the debt market segment of the National Stock Exchange of India Ltd.
In a separate notice, the company said that a previously scheduled meeting to consider and approve a private placement of rated and listed redeemable non-convertible securities has been deferred.
A meeting had been set for Wednesday, as announced on June 22. The new meeting date has yet to be announced.
Capital First is a Mumbai-based consumer and wholesale business financial services provider.
| Issuer: | Capital First Ltd.
|
| Issue: | Rated and listed secured redeemable non-convertible debentures
|
| Amount: | Rs. 990 million
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| Proceeds: | Rs. 986,118,625.80
|
| Allotment date: | June 27
|
| Distribution: | Private placement
|
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