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Capital First to raise capital, deal to up capital adequacy

Capital First Limited The company will allot 83.6 lakh shares for Rs 128 crore to Warbug Pincus affiliate Cloverdell Investment and another 32.5 lakh shares to HDFC Standard Life Insurance Company for Rs 50 crore. Post the transcation, the Cap[ital First's combined Tier 1 and Tier 2 capital will increase to Rs 1791 crore.

first published: Mar 4, 2014 12:30 pm

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