Fund raising plans likely to put Capri Global on a roller coaster ride
DSIJ Intelligence / 13 Oct 2016
Capri Global Capital is likely to be the gem of October 13 trade. A significant movement in the scrips has been observed from the past several weeks. For instance from the last one month, scrips of the company have climbed a hill, giving a return of almost 66 per cent.
Capri Global Capital is likely to be the gem of October 13 trade. A significant movement in the scrips has been observed from the past several weeks. For instance from the last one month, scrips of the company have climbed a hill, giving a return of almost 66 per cent.
Meanwhile, the company has informed the bourses that it plans to raise 500 crores through NCD and another Rs 300 crores through the commercial papers. The Board of Capri Global Capital has approved the fund raising plans on September 8. The company will use the funds to lend to the micro, small and medium enterprises, downstream investments, new financial services, and for general corporate purposes.
As on March 31, 2016 Capri Global's total debt stands at Rs 113 crores and the net worth of the company is around 1086 crores. Recently, the subsidiary of the company has received RBI licence for housing finance company and would commence its operations soon.
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