Capital First has received an approval to raise Rs 75 crore by issuing non-convertible debentures (NCDs) of face value of Rs 10 lakh each on private placement basis. The said NCDs shall be listed on National Stock Exchange of India. The Debenture Committee constituted by the Board of Directors of the company at its meeting held on June 15, 2017, approved the allotment of Rated, Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs).
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.
