Capri Global Capital Limited announced that its Management Committee, acting on delegated authority, has authorized the establishment of a Global Medium Term Note (GMTN) Programme. This program allows the company to issue foreign currency bonds or notes up to an aggregate amount not exceeding USD 1 billion. The securities will be issued under US regulations, specifically Regulation S and/or Rule 144A, and will not be offered to investors in India. The Committee meeting concluded on March 25, 2026.
Authorization of Major Debt Issuance Framework
Capri Global Capital Limited has formally disclosed the establishment of a strategic funding mechanism via its Management Committee, which met on March 25, 2026. This action follows prior delegation of authority from the Board of Directors in their meeting held on January 29, 2026.
The key resolution passed authorizes officers to negotiate, finalize, and execute documents for the creation of a Global Medium Term Note Programme (GMTN Programme). The maximum aggregate amount authorized under this program is substantial, reaching USD 1 billion.
Issuance Details and Compliance
The framework is specifically designed to permit the offer, issue, and allotment of foreign currency bonds, notes, or debentures across one or more tranches or series over time, subject to prevailing market conditions and necessary regulatory approvals.
Crucially, the issuance will adhere to specific US securities laws, operating under Regulation S and/or Rule 144A of the U.S. Securities Act, 1933. The Company explicitly stated that these securities will not be offered or sold to any investor in India.
Next Steps
The Management Committee meeting spanned a brief period, commencing at 03:00 p.m. and concluding at 03:45 p.m. on the date of the announcement. Further detailed information regarding the specific terms and conditions of any subsequent issuance under the GMTN Programme will be provided once those elements have been finalized by the authorized personnel.
Source: BSE
