Establishment of the Company''s USD 1 Billion GMTN Programme

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AI summary

Capri Global Capital has received a 'No Comment Letter' from India International Exchange (IFSC) Limited, clearing the establishment of its USD 1 Billion Global Medium Term Note (GMTN) Programme. The company has submitted the final Offering Circular for this international debt programme. The GMTN programme allows the company to issue debt instruments in international markets up to the specified limit. This marks a significant step in the company's efforts to diversify its funding sources beyond domestic borrowing.

Likely market impact

This broadens Capri Global Capital's access to international debt capital markets, potentially lowering cost of funds and reducing dependence on domestic borrowing. For equity shareholders, this indicates the company's ability to raise funds at competitive rates, though it does not directly affect shareholding or equity value.