CGCL- Revised Press Release- June 15, 2025
Awaiting price reaction for this filing.
Capri Global Capital Limited (CGCL), an NBFC, has successfully raised ₹2,000 crores 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, and the issue received overwhelming response from a diverse pool of institutional investors including BlackRock, Quant Mutual Fund, ICICI Prudential Life Insurance, HDFC Life Insurance, ICICI Lombard, and others. The revised press release supersedes the earlier disclosure submitted on June 12, 2025. The company plans to use the funds to expand across lending verticals (MSME, Gold, Construction, Housing loans), grow its geographical presence, invest in AI and data science capabilities, and strengthen its capital base. CGCL reported AUM of over ₹22,857 crores as of March 31, 2025, with 1,100+ branches and 5.5 lakh+ customers.
Existing shareholders will face dilution from the issuance of ~136.5 million new shares, but the strong demand from top-tier institutional investors signals confidence in the company's fundamentals. The capital raise strengthens CGCL's balance sheet to fund growth and diversify borrowings, potentially supporting future earnings expansion.