Non-banking finance company Capital First has raised Rs 500 crore through issuance of non-convertible debentures (NCDs) on private placement basis.
"The debenture committee at its meeting today has approved an issue of rated, listed, secured, redeemable, non- convertible debentures of Rs 500 crore on private placement basis," Capital First said in a BSE filing.
The NCDs have a tenure of two years and will carry an interest rate of 8.45 per cent, payable annually.
For the quarter ended December 31, 2017, Capital First reported a 42 per cent jump in net profit at Rs 87 crore, against Rs 61.4 crore in the same period of the previous year.
Its asset under management (AUM) grew 32 per cent to Rs 24,755 crore with retail assets under management contributing to 93 per cent of its overall AUM as of December 31.
Shares of Capital First were trading 0.88 per cent lower at Rs 764.55 apiece on BSE.
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