CGCLNSECapri Global Capital LimitedMediumNeutral
Announced Wed, 25 Mar · 18:43 IST

Capri Global Capital Limited has informed the Exchange regarding allotment of 6700 non-convertible debentures on March 25, 2026

Fund Raising View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-3.4%1-day move
₹167.95
prior close
₹167.46
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AI summary

Capri Global Capital has allotted 6,700 non-convertible debentures (NCDs) of face value Rs.1,00,000 each on March 25, 2026, raising a total of Rs.67 crore through private placement. The issue is split into two tranches: Tranche I of 4,700 NCDs worth Rs.47 crore at a 9.25% annual coupon maturing in about 10 years (March 2036), and Tranche II of 2,000 NCDs worth Rs.20 crore at 8.90% maturing in about 3.5 years (September 2029). The NCDs are senior, listed (on BSE), rated, and secured by a first-ranking pari passu floating charge on the company's hypothecated assets. Green shoe options of up to Rs.10 crore (Tranche I) and Rs.25 crore (Tranche II) remain available, meaning the overall issue size could potentially expand further.

Likely market impact

This is a routine debt-raising move that expands Capri Global's borrowing base at market-clearing rates (8.90–9.25%), which is positive for funding its lending business. The modest ticket size (Rs.67 crore raised so far, up to Rs.150 crore with greenshoes) and standard security terms suggest limited dilution or share-price impact for equity holders, though overall leverage of the company will increase.