Capri Global Capital, on Tuesday, after market hours, registered a consolidated net profit of Rs 96.98 crore as compared to Rs 65.24 crore a year ago
Capri Global Capital share price rose after the company announced that it has launched its rooftop solar finance product, Capri Solar Finance, under the Micro, Small & Medium Enterprises (MSME) loans
The recent uptick in the stock came after the NBFC reported a profit after tax (PAT) of Rs 82.6 crore for the Q4FY24
Capri Global Capital (CGCL), CSB Bank, Muthoot Finance and Manappuram Finance are up between 7% and 20%
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Capri Global Holdings, OP Jindal group's Nalwa Steel and Power, Shalimar Corporation among companies expressing interest
Life Insurance Corporation of India (LIC) has raised its stake in Capri Global Capital by 2 per cent over the last few months at an investment of Rs 257.37 crore. Its shareholding in Capri Global has increased from 1,24,00,000 to 1,59,51,171 equity shares, increasing its stake from 7.052 per cent to 9.072 per cent of the paid up capital of the company, LIC said in a regulatory filing on Monday. Capri Global caters to different segments like MSME, construction, finance, affordable housing and indirect retail lending segments. The new shares were acquired between June 10, 2022 to October 28, 2022 at an average cost of Rs 724.74 apiece. As per regulatory norms, listed companies are required to disclose about change in shareholding of 2 per cent and above. LIC said the share purchase was an investment function through an open market purchase. Capri Global's market capitalisation stands at Rs 13,014 crore. The scrip of LIC closed at Rs 604 on BSE, up 1.86 per cent. Capri Global settle
NBFC Capri Global Capital Ltd (CGCL) said it is planning to enter the gold loan business in the first half of the financial year 2022-23.
The co-lending agreement aims to enhance last-mile finance and drive financial inclusion to MSMEs
Markets regulator Sebi on Thursday exempted J J R Family Trust from making open offer following its proposed acquisition of shares in Capri Global Capital Ltd. The order comes after Sebi received application from the trustee of J J R Family Trust seeking exemption from the applicability of SAST (Substantial Acquisition of Shares and Takeovers) Regulations in the matter of proposed acquisition of shares in Capri Global Capital. The proposed acquisition involves direct and indirect acquisition of shares of Capri Global Capital (target company) by the Trust from promoter and members of promoter group of the company, Sebi said in an order. Pursuant to acquisition of shares and voting rights by the acquirer, the Trust along with other promoters and promoter group will directly and indirectly have control over the target company. Under the direct acquisition, the Sharma family intends to dissolve and partition the assets of Ramesh Chandra Sharma HUF which is holding 1.22 per cent shares
The fund will be deployed for lending to the micro, small and medium enterprises
The stock hit 52-week high of Rs 343, surging 55% in past three trading sessions from Rs 222 since September 21