Capital First, the Non-Banking Finance Company has raised Rs 50 crore by issue of 500 non-convertible perpetual debentures (NCD) through a private placement. The NCDs, which have a face value of Rs10 lakh each, will be listed on the NSE.
Recently, the company received an approval for raising of funds / resources in Indian Rupees or in any foreign currency up to an equivalent of Rs 300 crore through various domestic/ international options, including QIP / FCCBs/ ADRs/ GDRs / FPO etc. The board of directors at their meeting held on September 24, 2014 has approved for the same.
Capital First, formerly Future Capital Holdings, is amongst the fastest growing financial services company in India, with presence in asset advisory, retail financial services and proprietary research.
