Capital First to raise Rs 700 crore through bonds

Industry:    April, 2017

Non-banking financial company Capital First on Wednesday said it will raise Rs 700 crore through non-convertible debentures to fund business growth.

The board in its meeting held on Wednesday “approved an issue of rated, listed, secured, redeemable, non-convertible debentures of Rs 500 crore plus green shoe option of Rs 200 crore on private placement basis”, Capital First said in a regulatory filing to stock exchanges.