Capital First Ltd approves allotment of Non Convertible Debentures worth Rs. 25 crores

The Debenture Committee constituted by the Board of Directors of Capital First Ltd vide Resolution passed by Circulation on November 20, 2015, approved the allotment of Listed, Rated, Redeemable, Transferable, Unsecured, Non-Convertible Subordinated Debentures (Tier II) ("NCDs").

The Company has fully raised Rs. 25,00,00,000/- (Rupees Twenty Five Crores) by issue of NCD's on private placement basis.

The Debenture Committee vide Resolution passed by Circulation on November 20, 2015 has inter - alia approved allotment of 250 NCDs having the Face Value of Rs. 10,00,000/- (Rupees Ten Lacs Only) each.

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

Shares of CAPITAL FIRST LTD. was last trading in BSE at Rs.382.4 as compared to the previous close of Rs. 380.65. The total number of shares traded during the day was 9449 in over 318 trades.

The stock hit an intraday high of Rs. 385 and intraday low of 379.75. The net turnover during the day was Rs. 3610163.

Source : Equity Bulls

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