Capri Global Capital Ltd reported a 250 per cent year-on-year (yoy) jump in fourth quarter standalone net profit at ₹42 crore.
Total assets of the company, which provides MSME and housing loans, increased by 27 per cent yoy to ₹3,532 crore as at March-end 2019.
The company’s Board approved a rights issue of up to two crore equity shares of ₹2 each.
The Board also approved Qualified Institutional Placement of about ₹1,000 crore and the issue of Non-Convertible Debentures to the extent of ₹1,000 crore on private placement basis, subject to shareholders’ approval at the ensuing annual general meeting.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.