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Capital First gets nod to raise funds on private placement basis

Capital First (CFL) has received an approval for issue of Rated, Listed, secured, Redeemable, Non-Convertible Debentures of Rs 40 crore plus Green Shoe option of Rs 40 crore on private placement basis. The Debenture Committee constituted by the board of directors of the company at its meeting held on November 23, 2017 has approved for the same. The tenure of the instrument will be for 2353 days and will mature on May 3, 2024. The debentures will offer interest of 8.45% per annum payable annually. 

Capital First (CFL) is an MSME and consumer financing company which provides debt financing to these segments and also offers home loans, two wheeler loans and durable loans to entry and mid-level salaried employees of corporates.

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