NewsCapri Global Capital Allots ₹67 Crore Non-Convertible Debentures in Two-Tranche Private PlacementCapri Global Capital Allots ₹67 Crore Non-Convertible Debentures in Two-Tranche Private Placement
Capri Global Capital Limited completed the allotment of 6,700 non-convertible debentures worth ₹67 crore on March 25, 2026, through private placement under Series 17. The issue comprises Tranche I with 4,700 debentures (₹47 crore) offering 9.25% annual coupon and 9+ year tenure, and Tranche II with 2,000 debentures (₹20 crore) at 8.90% coupon with 3+ year tenure. Both tranches are secured by first ranking pari passu floating charge and will be listed on BSE Limited.
*this image is generated using AI for illustrative purposes only.
Capri Global Capital has announced the successful allotment of ₹67 crore worth of non-convertible debentures through a private placement completed on March 25, 2026. The company allotted a total of 6,700 Senior, Listed, Rated, Secured, Redeemable, Non-Convertible Debentures under Series 17, structured across two distinct tranches with varying terms and conditions.
Debenture Allotment Details
The private placement was executed in two separate tranches, each designed to meet different investor preferences and risk profiles:
| Tranche: | Number of Debentures | Face Value | Total Amount | Coupon Rate | Tenure |
|---|---|---|---|---|---|
| Tranche I: | 4,700 | ₹1,00,000 | ₹47,00,00,000 | 9.25% p.a. | 9 Years 11 Months & 14 days |
| Tranche II: | 2,000 | ₹1,00,000 | ₹20,00,00,000 | 8.90% p.a. | 3 Years 6 months and 5 days |
Maturity and Payment Structure
The debentures offer different maturity profiles to cater to diverse investment horizons. Tranche I debentures will mature on March 10, 2036, while Tranche II debentures have an earlier maturity date of September 30, 2029. Both tranches follow an annual interest payment schedule, with the principal amount being repaid along with the final interest payment on the respective redemption dates.
Security and Listing Arrangements
The debentures are secured by a first ranking pari passu floating charge over hypothecated assets, shared on a pari passu basis with existing facilities and other permitted indebtedness. Key security features include:
- Security Type: First ranking pari passu floating charge over hypothecated assets
- Conversion Mechanism: Automatic conversion to fixed charge upon event of default
- Listing Exchange: BSE Limited
- Redemption: At par value upon maturity
- Default Interest: Additional 2% p.a. over coupon rate for delayed payments
Regulatory Compliance
The allotment was conducted in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The company has fulfilled all regulatory requirements, including the preparation of General Information Document dated March 26, 2025, and Key Information Document dated March 20, 2026.
The successful completion of this debenture allotment demonstrates Capri Global Capital's ability to access debt capital markets and diversify its funding sources. The structured approach with two tranches allows the company to optimize its cost of capital while providing investors with options suited to their investment preferences and risk appetite.
Historical Stock Returns for Capri Global Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.32% | +0.18% | +1.42% | -11.73% | +0.91% | +103.87% |
How will Capri Global Capital utilize the ₹67 crore proceeds from this debenture issuance to drive business expansion or debt refinancing?
What impact might the differing coupon rates (9.25% vs 8.90%) have on the company's weighted average cost of debt over the next few years?
Could this successful private placement signal Capri Global's preparation for larger public debt issuances or equity fundraising in the near term?
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