RBI raises FII investment limit in Capital First

The Reserve Bank of India (RBI) has notified on Tuesday that the foreign investment limit for investment by Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) in Capital First Ltd. has increased from 24% to 50% of its paid-up capital.

Capital First has passed necessary resolutions of its board of directors and general body as required under the FEMA 1999 and the regulations framed thereunder.

The stock ended with gains of 4.67% or Rs 36.1 per share at Rs 808.3 per share on BSE in Tuesday’s trading session. It is trading near its 52-week high of Rs 814.8 per share. The company has full market capitalisation of Rs 7,903.60 crore.

Capital First Limited is an India-based financial company, which is focused on providing debt financing to micro, small and medium enterprises (MSMEs) and Indian consumers. The company's products include personal loans, business loans, loan against property, two-wheeler loans, pre-owned car loan and insurance. The company also provides other credit granting services.


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