Capri Global Capital Limited has informed the Exchange regarding a revised press release dated Jun 15, 2025, titled "CGCL_Press release_Updated".
CGCL · price
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Capri Global Capital Limited (Capri Loans), an NBFC with over ₹22,857 crore in AUM, has successfully raised ₹2,000 crore through a Qualified Institutions Placement (QIP) by issuing approximately 136.5 million equity shares to Qualified Institutional Buyers. This is the company's first QIP in the last decade, with pricing approved by the QIP Committee on June 12, 2025. The issue received an overwhelming response from a diverse pool of marquee institutional investors including BlackRock, Quant Mutual Fund, 3P Investment, Think Investments, Allspring Global Investments, ICICI Prudential Life Insurance, HDFC Life Insurance, ICICI Lombard General Insurance, SBI General Insurance, HDFC Ergo General Insurance, and TATA AIF. The company plans to use the capital to expand across lending verticals (MSME, Gold, Construction, Housing), grow geographically, invest in AI and data science capabilities, and strengthen its capital base.
Positive for shareholders — the strong investor demand signals market confidence in the company's growth prospects. However, the issuance of new equity shares will lead to dilution of existing shareholders' holdings. The strengthened capital base should support business expansion and improve future borrowing capacity.