Capital First likely to trade fast on debt capital

Capital First is expected to open in green on December 21. The shares of the company are expected to react positive on the capital raising plans via with the issue of debentures. Capital First has informed the bourses that the Debenture Committee constituted by the board of directors of the Company at its meeting held on December 20, 2016, inter - alia, has approved a issue of Rated, Listed, Secured, Redeemable, Non-Convertible Debentures of Rs 100 crore. The company also has said in a statement that it will use a green shoe option of Rs 10 crore on a private placement basis.

The shares of Capital First in the last six months have fallen by four per cent. However, as compared with last one year, the scrip has given a return of 27 per cent. The shares on December 20 closed at Rs 526.50, down by 2.05 per cent. Fifty-two-week high/low stands at Rs 796.25/348.