Jain’s 3P Investment Managers, through its category-III alternative investment funds, have invested Rs.150 crore in the Financial Services Company. Meanwhile, non-banking finance firm promoted by Kella, MKenters Capital also funded with a covert amount.
Investment comes when Capri Global announced a successful completion of its QIP on June 16.
In line with Sebi’s ICDR Regulations, the company has given approximately 136.5 million equity shares to eligible institutional buyers (QIBS). 2,000 crores. At a meeting held on June 12, prices and allocation were approved by the Board of Director of the company by the authorized QIP committee.
This marks Capri Global’s first QIP in almost a decade. The issue showed intense demand for both foreign and domestic institutional investors, including long-only funds, mutual funds and insurance companies.
Apart from Jain’s 3P Investment and Kela’s MKenters, other notable participants in the offer, quant mutual fund, Abkus Asset Management, BlackRock, Societ Generel – Audi, OLSPring Global Investments, ICICI Prudential Life Insurance, ICICI Life Insurance. Insurance, SBI General Insurance, CNBT ERGO.
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According to the company, a tremendous response from long -term institutional investors is a will of market trust in Capri Global’s business strategy, execution capacity and growth. Raised funded by QIP promotes the company’s capital adequacy and supports future expansion schemes on its credit Vert.
“Successful QIP company has a significant landmark in the company’s growth journey. The capital that is raised, will earn us to earn growth opportunities in Vert wet, expand our geographical presence, invest in AI and data consolidation and strengthen our capital support.
He added, “As we scaled responsibly, our focus is on credit accession, high productivity and efficiency when creating an elastic portfolio. We are encouraged by the continuous trust of our existing shareholders and welcomed new shareholders.
Capri Global Capital Limited, which is operated under the “Capri Loan” brand, is a non-banking financial company (NBFC) that is engaged to credit underrated segments, including MSME, affordable housing and gold loans. The company has been diversifying its move in recent years and its lending portfolio.
Shares of CAPRI Global Capital were trading a Rs 170.70 flat on the BSE around 1pm.
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