Capital Trust Limited Successfully Completes Rights Issue, Raises X238.1 Million, Shifts Toward Secured Lending

Capital Trust Limited has successfully completed its Rights Issue, raising X238.1 million. The issue was oversubscribed by 1.33 times, reflecting strong investor confidence. The company has entered the gold loan business, a segment known for its security, reliability, and consistent demand. Capital Trust Limited has opened dedicated gold loan branches and is open to partnerships and co-lending arrangements in this segment. The company has also written off and provided for its existing unsecured loan portfolio, which has faced persistent stress. Despite the strategic shift toward secured lending, Capital Trust Limited will continue to offer unsecured MSME and shopkeeper loans through co-lending and partnership models with established financial institutions and its own loan book. The company has already entered into a partnership agreement with one of the leading small finance banks for partnership in MSME loans.