Capri Global Capital Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/03/2026 ,inter alia, to consider and approve the issuance of Non-Convertible ....
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On the reaction day the stock moved 2.4 pts more than Nifty Smallcap 250 and 2.9 pts more 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 has informed the exchanges that its Board of Directors will meet on March 10, 2026, to consider and approve the issuance of Non-Convertible Debentures (NCDs) aggregating up to Rs. 2,000 crores. The NCDs will be issued through a public issue, in one or more tranches, in compliance with the Companies Act, 2013. The company is an NBFC (lending business, as per its website capriloans.in), and this is a debt-raising exercise rather than an equity dilution. No details on coupon rate, tenure, or end-use of funds have been disclosed yet — these are likely to come in the board meeting outcome on March 10.
This is a large debt raise that will expand the company's borrowing base to fund lending growth, but it also increases interest obligations. Existing shareholders are not diluted since this is debt, not equity. Investors should watch the March 10 outcome for coupon rate and purpose of funds, as both will affect earnings and asset quality.