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By EquityPandit
Capital First has raised Rs.500 crore via issuance of non-convertible debentures (NCDs) on private placement basis.
The company in a BSE filing stated, “The debenture committee at its meeting today has approved an issue of rated, listed, secured, redeemable, non- convertible debentures of Rs.500 crore on private placement basis.”
These NCDs have a time span of 2 years and will carry an interest rate of 8.45%, which will be payable annually.
