Capital First raises Rs 300 Crores

MUMBAI, India - March 25, 2015 - PRLog -- Capital First Limited reported that it successfully raised Equity of Rs 300 Crore through QIP on 24th March 2015.

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, to be undertaken in accordance with the provisions of Chapter VIII of the ICDR Regulations. The QIP issue was closed at Rs. 390 per Equity share with face value of Rs. 10 at a Premium of Rs. 380 per share over the face value.

The Capital Adequacy of the Company post the issue is 23.5%.

Commenting on the results, Mr. V Vaidyanathan, Chairman of the Company 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.”

About Capital First

Capital First Limited is a specialized MSME and Consumer Financing Company which provides debt financing to these segments in India, supported by proprietary credit evaluation methodologies. The Company also offers Home Loans, Two Wheeler Loans and Durable Loans to entry and mid-level salaried employees of Corporates. The company has financed over 1 million customers till date. As of 31st December 2015, the Assets under Management of the company has crossed Rs. 11,600 Crore. The company’s enjoys high long term credit rating of AA+ by reputed Credit Rating agencies. The company has a Board comprising of reputed professionals with decades of rich experience in the corporate sector.