Capital First Ltd approves allotment of Equity Shares on Preferential Basis

The Board of Directors of Capital First Ltd vide Resolution passed by Circulation on December 14, 2016, approved the allotment of 47,80,000 Equity Shares of Rs. 10/- each of the Company on a preferential basis, pursuant to receipt of subscription amount of Rs. 340,67,06,000/- (Rupees Three Hundred and Forty Crores Sixty Seven Lakhs and Six Thousand only) issued at a price of Rs. 712.70/- per Equity Share (face value of Rs. 10/- each and premium of Rs. 702.70/- per share) to Caladium Investment Pte. Ltd., which is indirectly wholly-owned by GIC (Ventures) Pte. Ltd., a Singapore's Sovereign Wealth Fund.

The said equity shares shall be listed on National Stock Exchange of India Limited and BSE Limited.

Shares of CAPITAL FIRST LTD. was last trading in BSE at Rs.542.5 as compared to the previous close of Rs. 550.35. The total number of shares traded during the day was 155367 in over 1189 trades.

The stock hit an intraday high of Rs. 556.2 and intraday low of 540.9. The net turnover during the day was Rs. 84428264.

Source : Equity Bulls

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