Capital First to raise Rs 200 crore via issue of debentures

Capital First is planning to raise up to Rs 200 crore through an issue of debentures on private placement basis. The Debenture Committee, constituted by the Board of Directors of the company, took this decision at a meeting held on February 4.

The committee approved an issue of rated, listed, unsecured, redeemable, non-convertible, subordinated securities in the nature of debentures (tier-II instruments) of Ts 100 crore plus a green shoe option of Rs 100 crore on private placement basis.

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.