Capri Global Capital Limited has informed the Exchange about General Updates
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Capri Global Capital Limited has received name approvals from the Ministry of Corporate Affairs for two new wholly owned subsidiaries it plans to incorporate. The first, Capri Global Financial Services Private Limited, will operate in investment and merchant banking with a proposed authorized capital of Rs. 60 crore. The second, Capri Global Wealth Management Private Limited, will offer stock broking and securities trading services with a proposed authorized capital of Rs. 10 crore. Both entities are yet to be formally incorporated and have not yet commenced business operations. This move marks the company's expansion beyond its core lending business into capital markets and wealth management services. The company has agreed to subscribe to the capital of both proposed subsidiaries, making them 100% owned.
This is a strategic diversification step for Capri Global into capital markets, merchant banking, and broking — businesses that could add new revenue streams beyond its core lending operations. For shareholders, this signals management's intent to build a broader financial services platform, though the subsidiaries are not yet operational and any meaningful earnings contribution will take time.