Non-banking finance company Capital First will raise Rs 500 crore by issuing debt instruments on a private placement basis.
The debenture committee of the company today in its meeting approved issuance of non-convertible debentures (NCDs).
Capital First said the NCD's issue size is of Rs 150 crore plus green shoe option of Rs 350 crore.
The issue of debentures will be on a private placement basis.
Capital First provides debt financing to MSMEs, consumer loans as well as small ticket loans to unbanked and under- penetrated segments.
The company's stock closed 0.89 per cent down at Rs 786.15 apiece on BSE.
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