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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Axis Capital Limited

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Capital First Ltd Raises INR1 Billion Through NCDs

Saturday, 16 Feb 2013 01:25am EST 

Capital First Ltd announced that the Debenture Committee constituted by the Board of Directors of the Company at its meeting held on February 15, 2013 has approved the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) The Company has raised INR100 Crores (INR1 billion) in first tranche out of the approved Secured Redeemable Non-Convertible Debentures (NCDs) issue of upto INR450 Crores (INR4.5 billion) on private placement basis. The First Tranche is closed on February 15, 2013 and under the said Issue, the Debenture Committee at its Meeting held on February 15, 2013 has approved allotment of 1,000 NCDs having the Face Value of INR1,000,000 each, aggregating to INR100 Crore (INR1 billion). The said NCDs shall be listed on National Stock Exchange of India Ltd. The Company also announced that the board has approved a proposed issue of Unsecured Redeemable Non-Convertible Subordinated Debentures in one or more tranches, for an aggregate amount upto INR50 Crore (INR500 million) to be issued on private placement basis. 

Company Quote

-6.5 -3.08%
11 Jul 2014