Capri Global Capital to raise Rs 1,000 crore via NCDs

Since 2011, the diversified NBFC Capri Global Capital Ltd. has made a significant contribution to India’s financial inclusion. Financially needy people in North and West India make up the majority of the company’s clientele. A diversified non-banking financial company (NBFC), Capri Global Capital Limited (Capri Loans) is part of the Nifty Small Cap 250 Index and is listed on the BSE and NSE. The company works in fast-growing industries, such as construction finance, affordable housing finance, gold loans, and MSME loans. Moreover, Capri Loans distributes auto loan products on behalf of corporations on behalf of six top commercial banks. Capri Loans has built a strong network of more than 1,000 branches throughout 12 states and union territories, focusing on the unbanked and underserved populations in Northern and Western India. The organization maintains a robust governance and risk-control framework while offering customized loan products that satisfy borrower needs by utilizing tech-enabled processes and sophisticated business analytics.

Capri Global Board will raise Rs 1,000 crore via NCDs

Capri Global Capital Limited’s board of directors has notified the BSE that the following items will be considered and approved at the meeting on October 29, 2024: The company’s unaudited financial results for the quarter and half ended September 30, 2024, are unaudited standalone and consolidated financial results; non-convertible debts issued through private placement.

Capri Global and Credit Fair collaborated

Capri Global has teamed up with Credit Fair, a fintech company that specializes in renewable energy, to help with customer digital onboarding. Loans covering the entire cost of solar modules, inverters, batteries, and installation will be available at competitive interest rates, ranging from Rs 50,000 to Rs 25,00,000, offering a comprehensive solution for self-use solar projects.

The shares of Capri Global Capital Ltd are down 1%

Capri Global Capital Ltd.’s stock is currently down 1% at Rs. 194.89 per share, down from today’s low of Rs. 193.64 per share. Yesterday, the stock price increased by more than 3% due to the company’s announcement that it would be lending money for a rooftop solar finance product.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.