Capital First gets nod to raise funds on private placement basis

Capital First has received an approval for issue of rated, listed, secured, non-convertible securities in the nature of debentures of Rs 300 crore plus green shoe option of Rs 100 crore on private placement basis. The debenture committee constituted by the board of directors of the company at its meeting held on January 04, 2016 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.