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Business News/ Markets / Stock Markets/  Bonus shares, stock split: Capri Global Capital shares to trade ex-split and ex-bonus in stock market today
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Bonus shares, stock split: Capri Global Capital shares to trade ex-split and ex-bonus in stock market today

Bonus shares, stock split: Capri Global Capital has declared a stock split in the ratio of 1: 2 that means from one ₹2 equity share into two equity shares of ₹1 each, and a bonus issue in the ratio of 1:1

The board of Capri Global Capital Ltd approved issuance of non-convertible debentures through public issue/private placement for an amount up to ₹500 crore in tranches. MINTPremium
The board of Capri Global Capital Ltd approved issuance of non-convertible debentures through public issue/private placement for an amount up to 500 crore in tranches. MINT

Bonus shares, stock split: Shares of Capri Global Capital Limited, a diversified non-banking financial company, will be in focus when the stock market opens on Tuesday (March 05).

The Board of Directors of the company has declared a stock split and a bonus issue for the eligible shareholders.

The company has declared a stock split in the ratio of 1: 2 that means from one 2 per equity share into two equity shares of 1 each, and a bonus issue in the ratio of 1:1.

The record date to ascertain the eligibility of shareholders for the stock split and the bonus issue has been fixed on March 05.

In a stock exchange filing, Capri Global Capital Limited said: “The Board of directors at its meeting held on January 27 has approved sub-division of one equity share of the face value of Rs. 2 each fully paid-up into two equity shares of the face value of Re. 1 each fully paid-up."

“Company board also approved 1:1 bonus issue i.e one new fully paid-up bonus equity share of face value of Re.1 each for every one fully paid-up equity share of face value of Re.1," the filing said.

Shares of Capri Global Capital Limited will trade ex-split and ex-bonus on Tuesday.

The company board also approved issuance of non-convertible debentures (NCDs) through public issue/private placement for an amount up to 500 crore in tranches, said the filing. 

For the Q3 FY24, the company had reported net profit of 68 crore, up 81.7 per cent Y-o-Y from the net profit of 37.4 crore in Q3 FY23.

Its asset under management (AUM) rose 54.4 per cent to 13,362.1 crore in Q3 FY24 from 8,654.5 crore in Q3 FY23.

Capri Global Capital Limited is a diversified NBFC with a presence across diverse and high growth segments such as MSME, affordable housing, construction finance segments, and car loan distribution.

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Published: 05 Mar 2024, 06:13 AM IST
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