Capital First’s subsidiary companies - Capital First Securities (CFSL) and Capital First Commodities (CFCL) have decided to close down the security and commodity broking operations, respectively.
The board of subsidiary companies has also approved the surrender of the licenses availed for conducting the broking businesses of both the subsidiaries except for National Spot Exchange.
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.
