Capri Global Capital Limited has informed the Exchange regarding Outcome of Committee Meeting held on March 25, 2026 - Approved the establishment of GMTN Programme
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Capri Global Capital Limited's Management Committee, on March 25, 2026, approved setting up 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, in accordance with Regulation S and/or Rule 144A of the U.S. Securities Act. The securities will not be offered or sold to any investor in India. The Board of Directors had earlier delegated this authority at its meeting on January 29, 2026. Final terms, including pricing and timing, will be shared with the exchange once decided based on market conditions.
This gives Capri Global access to a large pool of international debt capital, which can help fund its lending growth and diversify funding sources beyond domestic markets. For shareholders, it signals an expansion of the company's borrowing capacity, though it also introduces foreign currency risk since the notes will be dollar-denominated.