Capri Global Capital Limited has informed the Exchange about General Updates - Approved the establishment of GMTN Programme
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Capri Global Capital Limited's Management Committee has approved the establishment of a Global Medium Term Note (GMTN) Programme for an aggregate amount not exceeding USD 1 billion. Under this programme, the company can issue foreign currency bonds, notes, debentures, or other debt securities in one or more tranches, subject to market conditions. The securities will be issued under Regulation S and/or Rule 144A of the U.S. Securities Act and will be offered only to investors outside India. The company will share further details once the terms and pricing are finalised.
This move gives the company flexible access to large-scale overseas funding, which can support business growth and diversification of borrowing sources. For shareholders, it signals management's intent to raise substantial foreign debt capital, which may expand the loan book but also introduces foreign currency risk.