Capital First has raised Rs 300 crore through issue of non-convertible debentures (NCDs) on private placement basis. The Debenture Committee has approved allotment of 3,000 NCDs of face value Rs 10 lakh each. The NCDs will be listed on the wholesale debt segment on the NSE.
Capital First is an MSME and consumer financing company which provides debt financing to these segments and also offers home loans, two wheeler loans and durable loans to entry and mid-level salaried employees of corporates.