Financial services provider Capital First today said it will raise up to Rs 200 crore by issuing debentures on a private placement basis.
The decision was taken at a meeting held today by the Debenture Committee, constituted by the Board of Directors of the Company.
"Board of Directors...Approved a issue of rated, listed, unsecured, redeemable, non-convertible subordinated securities in the nature of debentures (tier-II instruments) of Rs 100 crore plus green shoe option of Rs 100 crore on private placement basis", the company said in a BSE filing.
Capital First, a systematically important Non-Banking Financial Company, is a provider of financial service across consumer and wholesale businesses.
Shares of the company traded 2.18 per cent higher at Rs 389 apiece on the BSE.
