Don’t miss the latest developments in business and finance.

Capri Global Capital gains after LIC of India hikes minor stake

Image
Capital Market
Last Updated : Feb 23 2022 | 10:51 AM IST

Capri Global Capital rose 1.24% to Rs 598.70 after Life Insurance Corporation (LIC) of India bought 1.50 lakh equity shares or 0.085% stake of the company on 21 February 2022.

Post transaction, Life Insurance Corporation (LIC) of India increased its shareholding to 5.044% stake from 4.959% stake held in Capri Global Capital. The deal was executed as market purchase.

Capri Global Capital (CGCL)'s consolidated net profit rose 32.05% to Rs 64.89 crore on 32.49% increase in total income to Rs 253.78 crore in Q3 December 2021 over Q3 December 2020.

CGCL is a diversified non-banking financial company (NBFC) with a presence primarily across two key verticals - MSME loans and home loans. Its focus on MSMEs, the growth drivers of the economy, cuts across restaurants, small manufacturing units, traders, private schools, and goes beyond.

Powered by Capital Market - Live News

Also Read

First Published: Feb 23 2022 | 10:29 AM IST

Next Story