Comments
Non-banking financial company Capital First, which is set to merge with IDFC Bank, will raise up to Rs 1,500 crore by issuing bonds on a private placement basis.
“The debenture committee of the company today approved an issue of rated, listed, secured, redeemable, non-convertible debentures of Rs 1,000 crore plus green shoe option of Rs 500 crore on a private placement basis,” Capital First said in a regulatory filing.
The bonds will carry two options with a coupon rate of 8.80 per cent each for maturities of two years and three years.
Yesterday, Capital First and IDFC Bank had informed about getting approval from NSE for the amalgamation of Capital First, its subsidiaries Capital First Home Finance and Capital First Securities with IDFC Bank subject to regulatory and other approvals.
Capital First shares ended higher by 2.89 per cent at Rs 636.80 on the BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.