Capital First's NCD issue to raise Rs 500 crore
Shital Jibhe / 17 Jan 2017
Capital First Ltd has informed the BSE and NSE on January 17, 2017 that the debenture committee constituted by its board of directors has approved the issue of secured redeemable non-convertible debentures (NCDs) of Rs. 500 crore on a private placement basis.
Capital First Ltd has informed the BSE and NSE on January 17, 2017 that the debenture committee constituted by its board of directors has approved the issue of secured redeemable non-convertible debentures (NCDs) of Rs. 500 crore on a private placement basis.
The NCDs will be listed under the debt segment of National Stock Exchange with a tenure of three years and a coupon rate of 8.35 per cent payable annually.
Capital First Ltd is one of the leading financial institutions in India providing debt financing to MSMEs and Indian consumers. Founded in 2012, the company has built a large network that provides finance in 222 locations across the country. The Mumbai-based company has a current market capitalisation of Rs 5,925.47 crore.
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