Capri Global Capital

Moody’s Ratings assigned a Ba3 long-term foreign-currency senior secured rating to Capri Global Capital’s USD notes issued under its $1bn Global Medium Term Note Programme. The programme carried a provisional (P)Ba3 rating and covered issuance under Regulation S and Rule 144A of the US Securities Act. Fitch had assigned an expected BB-(EXP) rating to proposed senior secured notes under the same programme on September 1. Capri Global operated as a multi-product NBFC focused on MSME and small-enterprise loans, affordable housing finance through a subsidiary and gold loans. Its listed secured redeemable NCDs totalled ₹795.18 crore at December 31, 2025, with security cover and financial covenants maintained.

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Capri Global Capital completed its maiden US dollar bond issuance, raising US$300 million through senior secured notes maturing in 2029. The bonds carried a 7.55% annual coupon and attracted orders exceeding US$700 million, more than 2.3 times the issue size, from 64 accounts. The allocation was led by the US, Asia and EMEA, which received 49%, 39% and 12%, respectively; asset and fund managers accounted for 91% of the issue. As of June 30, 2026, Capri Global had AUM of more than ₹40,000 crore, 1,400-plus branches and a customer base of more than 7.6 lakh. Listed secured redeemable NCDs outstanding at December 31, 2025 stood at ₹795.18 crore.

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By Dharamraj Dhutia

MUMBAI, Sept 2 (Reuters) - India's Capri Global Capital CAPG.NS has accepted bids worth $300 million for its debut dollar bond offering at 20 basis points below the initial price guidance, the company said in a notice to stock exchanges on Wednesday.

Here are a few details:

• The non-banking financial company will sell 3-year-and-3-month bonds at 7.55% coupon.

• Bonds will have a weighted average life of three years, with equal redemption in June 2029, September 2029 and December 2029.

• Market intelligence firm CreditSights had placed the fair value of the bonds at 7.45%.

• Fitch Ratings assigned the dollar-denominated senior secured bonds an expected rating of 'BB-(EXP)'.

• Earlier this financial year, Managing Director Rajesh Sharma had said the company will look to increase the share of capital market borrowings on its books.

• In June, the company had conducted investor calls, but did not go ahead with the issue as pricing was less favourable than it expected.

• Investors were eyeing a large debt supply from better-rated Indian lenders, dampening demand for other borrowers.

• Capri becomes the fourth non-bank private lender in 2026 to raise dollar funding after Muthoot Finance MUTT.NS, Tata Capital TATC.NS and IIFL Finance IIFL.NS.

(Reporting by Dharamraj Dhutia; Editing by Jochelle Mendonca)

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Capri Global Capital received a CareEdge BB-/Positive rating for proposed US$300 million senior secured notes under its US$1 billion Global Medium Term Note programme. CareEdge Global applied the same rating to the programme, the notes and the issuer. The lender had ₹795.18 crore of listed secured redeemable NCDs outstanding at December 31, 2025, with security cover and financial covenants reported as compliant. Capri Global operated as a secured non-bank lender focused on MSME and small-enterprise loans, alongside affordable-housing finance and gold loans.

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Capri Global Capital uploaded a preliminary supplemental offering circular dated September 1, 2026 for its USD 1 billion Global Medium Term Note programme on the India International Exchange and NSE IFSC. The document was also posted on the company's website. Capri Global was a non-bank lender focused on MSME, affordable-housing and gold loans. Its listed secured redeemable NCDs stood at ₹795.18 crore at December 31, 2025, and the latest certificate reported that security cover and financial covenants were maintained.

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Capri Global Capital received an expected ‘BB-(EXP)’ rating from Fitch Ratings for proposed US dollar-denominated senior secured bonds under a $1 billion Global Medium Term Note programme. The proposed notes were to be issued under Regulation S and Rule 144A of the US Securities Act. Fitch’s rating on Capri Global was BB- with a stable outlook. The company had ₹795.18 crore of listed secured redeemable NCDs outstanding at 31 December 2025, with security cover and financial covenants reported as compliant.

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Capri Global Capital scheduled a September 1 roadshow with an investor to present a proposed issue of fixed-rate, senior secured US-dollar bonds. The transaction summary described a three-year weighted-average-life instrument with expected ratings of BB- from Fitch and Ba3 from Moody's, while the benchmark size and coupon were not specified. Proceeds were intended for onward lending under applicable RBI and external commercial borrowing rules, with the bonds to be listed on India International Exchange and NSE IFSC. Capri's core business was secured lending to MSMEs and small enterprises, alongside affordable housing and gold loans. At June 30, 2026, it had consolidated AUM of ₹401.1bn, borrowings of ₹276.3bn and a capital adequacy ratio of 24.7%.

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Sept 1 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• CAPRI GLOBAL CAPITAL US$300 MILLION 3YR WAL SECURED BOND PRICED; REOFFER YIELD 7.55% - BOOKRUNNER

Further company coverage: CAPG.NS

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Aug 20 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• MAGELLANIC CLOUD LTD - UNIT GETS PURCHASE ORDER FROM CAPRI GLOBAL CAPITAL

Source text: ID:nnAZN4TFBED

Further company coverage: CAPG.NS

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By Dharamraj Dhutia

MUMBAI, July 15 (Reuters) - India's Tata Capital TATC.NS has given an initial price guidance of U.S. Treasury plus 140 basis points for its U.S. dollar-denominated bonds maturing in three-and-a-half years, two merchant bankers aware of the matter said on Wednesday.

The non-banking financial company may look to raise between $400 million and $600 million through this issue, with pricing to be finalised before the end of this week, the bankers added.

The notes would be rated BBB by S&P, and BBB- by Fitch Ratings, in line with the issuer's own rating.

The bankers requested anonymity as they are not authorised to speak to the media. The company did not reply to a Reuters email seeking comment.

The proceeds from the bonds will be applied for onward lending and other activities, in accordance with extant External Commercial Borrowing (ECB) guidelines.

This would be the second-ever dollar debt issue by the company, which is part of the Tata Group conglomerate.

In January 2025, the company raised $400 million through its debut dollar debt issue with a similar maturity and a coupon of 5.3890%. The paper was sold at a spread of 92 bps over Treasury.

Over the last month, non-bank lender IIFL Finance raised $300 million through a four-year social bond, while non-bank lender Capri Global has also initiated its plans for a dollar debt sale.

(Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)

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By Dharamraj Dhutia

MUMBAI, June 29 (Reuters) - India's Capri Global Capital CAPG.NS will become the latest entity to debut in the foreign currency debt market, with plans to raise funds through U.S. dollar denominated bonds, two merchant bankers said on Monday.

The non-banking finance company will aim to raise funds through bonds with a maturity of three years and three months and has lined up calls with investors on Tuesday.

The company should finalise the pricing on the issue before the end of this week, the bankers added.

The bankers requested anonymity as they are not authorised to speak to media. Capri Global Capital did not reply to a Reuters email seeking comment.

"The company may target around $300 million, but if the demand is strong, we could not rule out a benchmark size issue of $500 million," one of the bankers said.

In April, Capri Global Capital had raised five billion rupees ($53.03 million) through a public issue of debt.

Earlier this financial year, Managing Director Rajesh Sharma had said the company, which has assets under management of around 300 billion rupees ($3.18 billion), will look to increase the share of capital market borrowings on its books and will focus more on bond issuances this year.

Currently, capital markets comprise around 20% of the company's total borrowings, and Capri aims to raise that share to around 40%-50%, the MD had added.

($1 = 94.3100 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar)

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April 30 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• CAPRI GLOBAL CAPITAL LTD MARCH-QUARTER CONSOL PROFIT 2.83 BILLION RUPEES

• CAPRI GLOBAL CAPITAL LTD MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 13.85 BILLION RUPEES

Further company coverage: CAPG.NS

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Corrects headline, first paragraph in April 9 story to drop reference to the bond issue being the company's first public debt sale

By Dharamraj Dhutia

MUMBAI, April 9 (Reuters) - India's Capri Global Capital CAPG.NS will raise 5 billion rupees ($54.05 million) through a public bond issue, and will rely more on debt markets than bank loans for funding this fiscal year, a top executive said on Thursday.

The issuance marks the first tranche of a larger 20 billion-rupee plan through public issues.

"We aim to launch a couple of public issues in the financial year, once the first issue sees success," Managing Director Rajesh Sharma said.

The non-banking finance company will issue bonds with maturities of two, three, five and 10 years. For the three- and five-year tenors, investors can also choose monthly interest payouts.

The company will offer annual coupon rates of 9.00% for two-year bonds, 9.15% for three-year, 9.30% for five-year, and 9.50% for 10-year bonds.

For investors opting for monthly payouts, the rates are slightly lower: 8.80% for three-year bonds and 8.93% for five-year bonds, translating into effective yields of 9.15% and 9.30%, respectively.

The bonds are rated 'AA' by Acuite Ratings and Infomerics Valuation, and will open for subscription on April 15. The proceeds will be used for on-lending and for interest payments on existing borrowings.

In the broader market, Indian companies raised around 107 billion rupees through public debt issues in the previous financial year, up from 81.5 billion rupees in fiscal 2025.

FOCUS ON DEBT

The company, which has assets under management of around 300 billion rupees, is looking to increase the share of capital market borrowings on its books and will focus more on bond issuances this year.

"Apart from the public issue, we will also continue to tap the private placement and commercial paper market," Sharma said.

Currently, capital markets comprise around 20% of the company's total borrowings, and Capri aims to raise that share to around 40%-50%, the MD added.

($1 = 92.5030 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips and Sonia Cheema)

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March 10 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• CAPRI GLOBAL CAPITAL LTD - TO ISSUE NCDS AGGREGATING UP TO 20 BILLION RUPEES IN ONE OR MORE TRANCHES

Source text: ID:nBSE25pMhF

Further company coverage: CAPG.NS

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March 5 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• CAPRI GLOBAL CAPITAL LTD - BOARD TO CONSIDER NCD ISSUANCE UP TO 20 BILLION RUPEES VIA PUBLIC ISSUE

Source text: ID:nBSE8KHWzP

Further company coverage: CAPG.NS

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March 2 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• CAPRI LOANS JOINS PARTNERSHIP FOR CARBON ACCOUNTING FINANCIALS

Source text: ID:nBSEbskLwV

Further company coverage: CAPG.NS

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Jan 20 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• TO CONSIDER PROPOSAL TO RAISE FUNDS

Source text: ID:nBSE9qLrWj

Further company coverage: CAPG.NS

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Jan 19 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• CEO MONU RATRA RESIGNS

Source text: ID:nBSE9CJKW4

Further company coverage: CAPG.NS

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Oct 9 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• CAPRI GLOBAL CAPITAL - APPOINTS MONU RATRA AS CHIEF EXECUTIVE OFFICER

Source text: [ID:]

Further company coverage: CAPG.NS

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By Khushi Malhotra

MUMBAI, Sept 24 (Reuters) - India's Capri Global Capital CAPG.NS plans to raise 65 billion rupees ($732.9 million) through a combination of bonds and loans in this financial year, a company executive said on Wednesday.

The non-banking financial company aims to raise 47 billion rupees in the second half of the fiscal, after raising 18 billion rupees from April to September.

The proceeds will be used to expand the loan book and open 200 branches, Managing Director Rajesh Sharma told Reuters.

Capri Global will also raise around 4 billion rupees through a public issue of bonds, with maturities varying from 18 months to 10 years. The issue will open for subscription next week.

The bonds are rated 'AA' by Infomerics and Acuite Ratings, and Trust Investment Advisors is the lead manger for the issue.

Vinay Surana, Capri Global's head of treasury, said the company plans to raise around 10 billion to 15 billion rupees through bonds in the next six months, and could consider another public issue after assessing the response to the upcoming sale.

($1 = 88.6900 Indian rupees)

(Reporting by Khushi Malhotra; Editing by Sonia Cheema)

((khushi.malhotra@thomsonreuters.com;))

Aug 1 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• CAPRI GLOBAL CAPITAL JUNE-QUARTER CONSOL PROFIT 1.75 BILLION RUPEES

• CAPRI GLOBAL CAPITAL JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 10.04 BILLION RUPEES

Source text: ID:nNSE5ql1Rc

Further company coverage: CAPG.NS

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June 30 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• TO INCORPORATE TWO WHOLLY OWNED SUBSIDIARIES

Source text: ID:nNSE5WhF2j

Further company coverage: CAPG.NS

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June 20 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• BOARD MEET TO CONSIDER AND RE-APPROVE ISSUANCE OF NCDS UP TO 10 BILLION RUPEES

Source text: ID:nBSE3pFPs3

Further company coverage: CAPG.NS

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June 16 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• QUANT MUTUAL FUND INCREASES STAKE IN CAPRI GLOBAL CAPITAL TO 5.96%

Source text: ID:nBSE2CFMwZ

Further company coverage: CAPG.NS

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June 9 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• SETS FLOOR PRICE AT 153.93 RUPEES PER SHARE FOR QIP

Source text: ID:nBSE5ZYc8N

Further company coverage: CAPG.NS

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May 5 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• MARCH-QUARTER CONSOL PROFIT 1.78 BILLION RUPEES

• MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 9.57 BILLION RUPEES

Further company coverage: CAPG.NS

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** Shares of non-banking finance co Capri Global Capital CAPG.NS up ~10% to 199 rupees, set for biggest one day pct gain in 3 months

** Co, which provides loans to small & medium businesses and homeowners, reports 88% growth in consolidated profit y-o-y to 1.28 bln rupees ($14.83 million)

** Revenue from operations grows 35.56%, on higher interest income from loans

** With session's gains, stock narrows 12-month price decline to ~15%

($1 = 86.2950 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

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BENGALURU, Jan 23 (Reuters) - Diary of India economic, corporate events on Jan. 23

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled', AMC - 'After market close'

(Compiled by Bengaluru Newsroom)

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** Shares of India's Capri Global Capital CAPG.NS surge ~16% to 213.5 rupees

** Stock swings to YTD gains after day's move, last up 8% so far in 2024

** Lender's Q2 consol profit jumped 49%, total rev from ops climbed 35%

** Trading vols 9.9 mln shares vs 30-day avg of ~268k shares

(Reporting by Hritam Mukherjee in Bengaluru)

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