Loan & Debt30 Apr 2026, 08:21 pm
Capri Global Board approves ₹10,000 Cr increase in borrowing limit
AI Summary
Capri Global Capital Ltd's Board of Directors, at their meeting on April 30, 2026, approved an increase in the aggregate borrowing limits from ₹25,000 crore to ₹35,000 crore. This enhancement of ₹10,000 crore falls under Sections 180(1)(a) and 180(1)(c) of the Companies Act, 2013. The company intends to raise these funds through various permissible modes, including the issuance of non-convertible debentures and other debt instruments, in one or more tranches. This significant increase in borrowing capacity is contingent upon receiving approval from the company's shareholders at the forthcoming Annual General Meeting, providing Capri Global with greater financial flexibility for future operations and expansion.
Key Highlights
- Board approved increasing borrowing limits by ₹10,000 crore.
- Aggregate borrowing limit now stands at ₹35,000 crore.
- Funds can be raised via NCDs and other debt instruments.
- Shareholder approval is required at the next AGM.
- Enhances financial flexibility for future growth.