Capital First has entered into an Share Subscription Agreement and Shareholders Agreement on July 02, 2018 (hereinafter referred to as ‘Investment Agreement’), with Village Financial Services along with its Promoters, to acquire 31,25,000 Equity Shares of Rs 10 each at a premium of Rs 38 each, comprising around 7.03% of the Share Capital of Village Financial Services. The transaction is expected to be completed within 15 days of Investment Agreement.
Further, the total cost of acquisition of Equity Shares of Village Financial Services shall be Rs 15 crore.
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.
