Published on 19/05/2017 4:55:26 PM | Source: Dion Global Solutions Ltd

Capital First gets nod to raise funds on private placement basis

Posted in Stock Market| #Stock Market #Capital First Ltd #Investment

Capital First has received an approval for issue of Rated, Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs) of Rs 100 crore plus Green Shoe Option of Rs 300 crore on private placement basis.

The Debenture Committee constituted by the Board of Directors of the Company at its meeting held on May 19, 2017 approved for the same.

Capital First is an MSME and consumer financing company which provides debt financing to these segments and also offers home loans, two wheeler loans and durable loans to entry and mid-level salaried employees of corporates.