Capri Global Capital Limited announced that its Management Committee has authorized the establishment of a Global Medium Term Note (GMTN) Programme. This program will allow the company to raise debt, including foreign currency bonds and notes, up to an aggregate amount not exceeding USD 1 billion. The committee meeting took place on March 25, 2026, granting officers the authority to negotiate and execute documentation for potential issuances under Regulation S and/or Rule 144A of the U.S. Securities Act.
Authorization of Major Debt Issuance Platform
Capri Global Capital Limited has officially announced a significant strategic financial step taken by its Management Committee on March 25, 2026. The Committee has authorized the establishment of a new financing structure known as the Global Medium Term Note (GMTN) Programme. This authorization follows a delegation of power originally granted by the Board of Directors during their meeting held on January 29, 2026.
Scope and Size of the Programme
The core purpose of the GMTN Programme is to facilitate the future offer, issue, and allotment of debt securities, including foreign currency bonds, notes, or debentures. The maximum aggregate amount authorized for raising capital under this programme is explicitly set at not exceeding USD 1 billion.
The issuance will be carried out in one or more tranches or series, subject to regulatory compliance and prevailing market conditions. The authorization specifically covers transactions made in accordance with Regulation S and/or Rule 144A of the U.S. Securities Act, 1933. Importantly, the company clarified that the Securities will not be offered or sold to any investor in India.
Committee Proceedings Details
The Management Committee meeting convened at 03:00 p.m. on March 25, 2026, and concluded its business at 03:45 p.m. Certain authorized officers are now empowered to handle all necessary acts, including negotiating, finalizing, amending, or executing the requisite agreements and applications in connection with this new debt program.
Further details required under applicable listing regulations will be provided once the final terms and conditions for any subsequent issuance under the GMTN Programme have been finalized.
Source: BSE
