Capri Global Capital Limited has informed the Exchange about General Updates
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Capri Global Capital Limited informed the exchanges that Quant Mutual Fund's shareholding in the company rose from 1.53% to 5.96% of the equity paid-up share capital. This increase happened as a result of equity shares being allotted to Quant Mutual Fund under the company's Qualified Institutions Placement (QIP). The disclosure has been made under SEBI SAST Regulations and SEBI PIT Regulations, as Quant Mutual Fund has crossed the 5% shareholding disclosure threshold. The disclosure is also available on the company's website.
The QIP-led allotment has resulted in equity dilution for existing shareholders, and a domestic mutual fund taking a sizable 5.96% stake signals institutional confidence in the company's growth prospects. Shareholders should note the new institutional shareholder and any further stake movements by Quant MF.