Capri Global Capital Limited has informed the Exchange about Credit Rating
CGCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts less than Nifty Smallcap 250 and 0.7 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Capri Global Capital Limited has received a credit rating from Infomerics Valuation and Rating Ltd. for its proposed Non-Convertible Debentures (NCDs) worth Rs. 400 Crore. The rating assigned is 'IVR AA' with a Positive outlook, which is a high investment grade rating. This is a fresh rating for a new borrowing instrument the company plans to raise, not a revision of an existing rating. The positive outlook suggests the agency expects the company's credit profile to strengthen further.
This is a positive development for shareholders — the company is planning to raise Rs. 400 Crore through NCDs at a favorable high-grade rating with positive outlook, indicating strong financial health and lower borrowing costs. The planned debt raise could support business growth or expansion, but also means higher interest obligations ahead.