Capital First to raise funds on private placement basis

Capital First has received an approval for issue of Listed, Rated, Redeemable, Transferable, Unsecured, Non-Convertible Subordinated Debentures (Tier II) (NCD) of Rs 25 crore plus Green Shoe Option of Rs 25 crore on private placement basis. The debenture committee constituted by the board of directors of the company at its meeting held on December 29, 2015, has approved for the same.

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.