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Capital First to mop up Rs 500 cr by issuing NCDs

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Press Trust of India New Delhi
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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First Published: Apr 13 2017 | 5:57 PM IST

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