Capri Global Capital Limited, a diversified non-banking financial company, will be in the spotlight as its shares trade ex-split and ex-bonus on Tuesday, March 5th. The company’s Board of Directors has approved a stock split and a bonus issue for eligible shareholders.
The stock split is in the ratio of 1:2, meaning one ₹2 per equity share will be subdivided into two equity shares of ₹1 each. Additionally, a bonus issue in the ratio of 1:1 has been declared. The record date to determine eligibility for the stock split and bonus issue is March 5th.
Capri Global Capital Limited stated in a filing that the board’s decision to subdivide one equity share of face value ₹2 each into two equity shares of face value Re. 1 each and a 1:1 bonus issue was made during a meeting held on January 27.
Apart from the stock-related announcements, the company’s board has also approved the issuance of non-convertible debentures (NCDs) through public issue/private placement, with an amount up to ₹500 crore in tranches.
In the third quarter of the fiscal year 2024, Capri Global Capital reported a net profit of ₹68 crore, marking an 81.7% YoY increase from ₹37.4 crore in Q3 FY23. The asset under management (AUM) rose by 54.4% to ₹13,362.1 crore in Q3 FY24 compared to ₹8,654.5 crore in the same period of the previous fiscal year.
Capri Global Capital Limited is a diversified NBFC with a presence in high-growth segments such as MSME, affordable housing, construction finance, and car loan distribution.
