Capital First

Capital markets regulator Sebi on Wednesday imposed a penalty of Rs 6 lakh on Capital First Ltd for not disclosing encumbrance on shares of Deccan Chronicle Holdings Ltd (DCHL)

Net interest income grew 55% to Rs 6.15 billion at the end of Q2 FY2019, contributing significantly to the high growth in the company's core income

As a consequence of migrating to the IND-AS accounting standards, the net-worth of the company has risen by Rs 2.4 bn to Rs 28.6 bn as on June 30, 2018

Capital First specialises in providing debt financing to MSMEs and consumers in the country

The bonds will carry two options with coupon rates of 8.80 per cent each for maturities of two years and three years

Earnings per Share (Basic) have risen considerably since the third quarter of FY2017, from Rs 6.57 to Rs 8.81 for the third quarter ending FY2018

The RBI monitors ceilings on FII/NRI/PIO investments in Indian companies on a daily basis

The stock of Capital First fell a little over five per cent on Wednesday, reacting to its private equity promoter, Warburg Pincus, making a partial exit. At the opening of trade, Capital First announced that Cloverdell Investment, an affiliate of the Warburg Pincus group, would initiate this. During the day Warburg sold about 25 million equity shares (nearly 25 per cent stake) held in the company. With this deal, Warburg's stake in Capital First has reduced to about 36 per cent, from 59.78 per cent. However, investors need not read much into this. On the downside, Warburg was an initial investor in Capital First, in 2012, and was instrumental in the non-banking finance company acquiring the operations of Future Capital, which has helped Capital First to hasten its loan growth. In this context, some analysts feel Warburg's part-exit might be a sentiment dampener, justifying the five per cent fall in the stock price.However, a large section also feel the exit might be linked to the ...

Bond comes with 2 options, tenure of 3 years and 5 years with coupon rate of 8.35% and 8.40%

Stock of the company closed 5.74% down at Rs 686.65 on BSE