Capital First allots NCDs worth Rs. 150 crore

The Debenture Committee constituted by the Board of Directors of Capital First Ltd at its meeting held on February 28, 2013, approved the allotment of Unsecured Redeemable Non-Convertible, Subordinated Debentures ("NCDs").

The Company has fully raised Rs. 150,00,00,000/- (Rupees One Hundred Fifty Crore Only) by issue of NCD on private placement basis through Series I Unsecured NCD aggregating to Rs. 100,00,00,000/- (Rupees One Hundred Crore only) and Series II Unsecured NCD aggregating to Rs. 50,00,00,000/- (Rupees Fifty Crore).

The Debenture Committee at its Meeting held on February 28, 2013, has approved allotment of 1500 NCDs having the Face Value of Rs. 10,00,000/- (Rupees Ten lacs Only) each, aggregating to Rs. 150,00,00,000/- (Rupees One Hundred Fifty Crore Only) out of both the issues.

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

The Capital First Ltd stock was trading at Rs.148.55, down by Rs.3.65 or 2.40%. The stock hit an intraday high of Rs.155 and low of Rs.147.

The total traded quantity was 9539 compared to 2 week average of 7900.

Source : Equity Bulls

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