Held on 28 March 2014
Capital First has announced that the Board of Directors of the Company vide Circular Resolution dated 28 March 2014 approved the allotment of 1,16,07,145 Equity Shares on Preferential Basis to below mentioned allottees:-a. 83,57,145 equity shares of Rs. 10 each at a premium of Rs. 143.80/- per share to Cloverdell Investment, an existing promoter of the Company. The aggregate shareholding percentage of Cloverdell Investment and Dayside Investment, the existing promoters of the Company, shall remain 72.0%, without any change.
b. 32,50,000 equity shares of Rs. 10 each at a premium of Rs. 143.80/- per share to HDFC Standard Life Insurance Company, which will be classified as a public shareholder.
Consequently the subscribed and paid-up capital of the Company stands enhanced to 8,26,31,469 equity shares of Rs. 10 each.
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