Capital First approves issue of NCDs worth Rs 750 million
Shital Jibhe / 14 Mar 2017
The debenture committee constituted by the board of directors of the company at its meeting held today approved for issue of rated, listed, secured, redeemable, non-convertible debentures(NCDs) of Rs 750 million with a green shoe option of Rs 1.25 billion on private placement basis.
The debenture committee constituted by the board of directors of the company at its meeting held today approved for issue of rated, listed, secured, redeemable, non-convertible debentures (NCDs) of Rs 750 million with a green shoe option of Rs 1.25 billion on private placement basis.
The tenure of the issue is three years, with date of allotment on March 14, 2017, while date of maturity is March 13, 2020. The coupon/interest offered will be 8.41 per cent per annum, payable annually and on the date of redemption.
Delay in payment of interest/principal will invite an additional interest of 2 per cent per annum, from the date on which any payment is due by the issuer until the date the payment is made.
The stock in a period of one year has delivered 71 per cent returns, outperforming the BSE Mid-cap and Nifty Financial Services indices over the same time span.
The share price of Capital First closed at Rs 685.25,up by Rs 3.55 or 0.52 per cent from its previous closing of Rs 681.70 on the BSE.
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