Capital First raises Rs. 50 crore through Issue Series 3 Unsecured NCDs

The Debenture Committee constituted by the Board of Directors of Capital First Ltd at its meeting held on May 17, 2013, approved the allotment of Unsecured Redeemable Non-Convertible, Subordinated Debentures ("NCDS").

The Company has fully raised Rs. 50,00,00,000/- (Rupees Fifty crore Only) by Issue Series 3, Unsecured NCD aggregating to Rs. 50,00,00,000/- (Rupees Fifty Crore Only) on private placement basis.

The Debenture Committee at its Meeting held on May 17, 2013, inter alia, has approved allotment of 500 NCDs having the Face Value of Rs. 10,00,000/- (Rupees Ten Lacs Only) each, aggregating to Rs. 50,00,00,000/- (Rupees Fifty Crore Only).

The said NCDs shall be listed on National Stock Exchange of India Limited.

The Board proposed issue of Unsecured, Non-Convertible Perpetual securities in the nature of Debentures (Perpetual Debt Instruments-PDI). The Board approved a proposed issue of Unsecured, Non-Convertible Perpetual securities in the nature of Debentures (Perpetual Debt instruments-PDl) of a face value of Rs. 10,00,000/- each aggregating up to Rs. 15,00,00,000/- ( Rupees Fifteen Crore only) to be Issued on private placement basis.

Shares of
Capital First Ltd was last trading in BSE at Rs.165, down by Rs.1 or 0.60%. The stock hit an intraday high of Rs.168.80 and low of Rs.162.

The total traded quantity was 1245 compared to 2 week average of 2035.

Source : Equity Bulls

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