Capital First has decided to raise Rs 340 crore through preferential issue. The special resolution for raising Rs 340 crore on a preferential basis by allotting 47.8 lakh shares to Caladium Investment was passed with majority at the board in its extraordinary general meeting (EGM). Earlier, the company reported a net profit of Rs 57.6 crore for Q2 FY2017, an increase of 40 per cent from Rs 41.0 crore in Q2 FY2016.
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.
