Capital First rises 4%, to raise Rs 100 crore via issue of NCDs

Moneycontrol BureauShares of Capital First rose 4 percent intraday Tuesday on approval of fund raising plan by debenture committee of the company.The debenture committee of board of directors at its meeting held on July 18, 2016, has approved a issue of rated, listed, secured, non-convertible securities in the nature of debentures (NCD's) of Rs 100,00,00,000 plus green shoe option of Rs 100,00,00,000 on private placement basis.The said securities will be listed on wholesale debt segment of National Stock Exchange of India.At 11:20 hrs Capital First was quoting at Rs 638.60, up Rs 18.95, or 3.06 percent. It has touched a 52-week high of Rs 644 on the BSE.Posted by Rakesh Patil