Capri Global Capital Board to Reconsider ₹10 Billion NCD Issue as Borrowing Limits Rise

Capri Global Capital Ltd is set to revisit and re-approve its plan to raise up to ₹10 billion through the issuance of non-convertible debentures (NCDs), as the company’s board prepares for a key meeting on the matter. This move comes alongside the board’s recent approval to increase overall borrowing limits from ₹15,000 crore to ₹25,000 crore, signaling the company’s intent to strengthen its funding base and support future growth.

 

Key Highlights:

 

The board of Capri Global Capital has already given an initial nod to raise up to ₹10 billion via private placement of NCDs. The upcoming meeting will focus on re-approving this issuance, ensuring compliance with updated borrowing limits and regulatory requirements.

 

The decision to expand borrowing capacity reflects Capri Global’s ambitions to scale its lending operations, diversify its funding sources, and maintain a strong capital position in a competitive financial landscape.

 

This fundraising initiative is part of a broader strategy that recently saw Capri Global successfully raise ₹2,000 crore through a Qualified Institutions Placement (QIP), attracting major institutional investors and boosting the company’s capital for MSME lending, technology investment, and geographic expansion.

 

The board’s actions align with SEBI regulations and will require shareholder approval at the next annual general meeting. The company has emphasized transparency and governance throughout the process.

Capri Global’s consistent profit growth and expansion into new business verticals, including insurance and green financing, underscore its readiness to deploy fresh capital for both core and emerging opportunities.

 

With the board poised to re-approve the NCD issuance, Capri Global Capital is positioning itself for robust growth and greater financial flexibility in the months ahead.

 

Sources: MarketScreener, Business Standard, Zerodha