Capital India Finance (BOM:530879) has received board approval to allot non-convertible debentures worth 500 million Indian rupees on a private placement basis, according to a BSE filing on Monday.
The company will allot 5,000 debentures of 100,000 rupees each at the coupon rate of 9.55% per annum. They are scheduled to mature on July 28, 2028.
The company's shares were down over 3% in recent trade.
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