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Capital First successfully raised equity capital of Rs 300 crore through Qualified Institutional Placement (QIP) on Tuesday.
“The Capital Raising Committee (the “Committee”) of the Board of Directors of Capital First Limited (the “Company”) at its meeting on 20th March, 2015, had approved the launch of the QIP... The QIP issue was closed at Rs 390 per equity share with face value of Rs 10 at a premium of Rs 380 a share over the face value,” the company said in a statement.
With this, the capital adequacy ratio of the company post the issue is at 23.5 per cent.
V Vaidyanathan, Chairman, Capital First said, “We are delighted that Marquee Foreign and Domestic Institutional Investors gave a resounding vote of confidence to the company and participated in the issue. With this equity raise of Rs. 300 crore, the company is well set for its future growth plans.”
Capital First Limited 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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