Capri Global Capital Limited has informed the Exchange about General Updates - Increase in aggregate borrowing limits from Rs. 25,000 crore to Rs. 35,000 crore under Section 180(1)(a) and Section 180(1)(c) of the Companies Act 2013.
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Capri Global Capital Limited has approved raising its aggregate borrowing limits by Rs. 10,000 crore, from Rs. 25,000 crore to Rs. 35,000 crore. The board has authorised fund-raising through various debt instruments including non-convertible debentures (NCDs) via private placement or public issue, term loans, and working capital facilities. The increase in borrowing limits is conditional upon shareholder approval at the upcoming Annual General Meeting. This expansion in borrowing capacity indicates the company's plans to scale up its lending operations, likely to support business growth.
This signals Capri Global Capital's intent to significantly increase its debt-raising capacity, which could support future loan growth but may also increase the company's leverage. For shareholders, this could mean more interest expenses ahead but potential for higher earnings through expanded lending.