Capri Global Capital Limited has successfully allotted Non-Convertible Debentures (NCDs) under Series 17 through a private placement on March 25, 2026. This issuance comprised Tranche I worth ₹47.00 Crore and Tranche II worth ₹20.00 Crore, aggregating to a total value of ₹67.00 Crore. These instruments are Senior, Listed, Rated, Secured, and Redeemable, with varying tenures up to 9 years and coupon rates of 9.25% p.a. and 8.90% p.a., respectively.
NCD Issuance Details and Allotment
Capri Global Capital Limited announced the allotment of its Series 17 Non-Convertible Debentures (NCDs) via private placement on March 25, 2026. The issuance was structured in two tranches, both being Senior, Listed, Rated, Secured, and Redeemable instruments.
Tranche I Allotment Summary
- Allotted Amount: ₹47,00,00,000 (Rupees Forty-Seven Crore Only).
- Number of NCDs: 4,700, each with a face value of ₹1,00,000.
- Base Issue Size (with Green Shoe): Up to ₹50,00,00,000 (Rupees Fifty Crore).
- Coupon Rate: 9.25% p.a., payable annually and on redemption.
- Maturity Date: March 10, 2036.
- Tenure: 9 Years 11 Months & 14 Days from the allotment date.
Tranche II Allotment Summary
- Allotted Amount: ₹20,00,00,000 (Rupees Twenty Crore Only).
- Number of NCDs: 2,000, each with a face value of ₹1,00,000.
- Base Issue Size (with Green Shoe): Up to ₹50,00,00,000 (Rupees Fifty Crore).
- Coupon Rate: 8.90% p.a., payable annually and on redemption.
- Maturity Date: September 30, 2029.
- Tenure: 3 Years 6 months and 5 days from the allotment date.
Security and Charge Created
The debentures are secured by a first ranking pari passu floating charge over the Hypothecated Assets, shared equally with existing facilities and other permitted indebtedness. This security is established in favor of the Debenture Trustee via a Deed of Hypothecation, ensuring the Required Security Cover is maintained.
It is clarified that this floating charge may secure future Permitted Indebtedness without requiring further consent from the Debenture Trustee. Furthermore, the security automatically converts into a fixed charge if any Event(s) of Default occurs and enforcement becomes necessary.
Default Provisions
In the event of a delay in payment of coupon or principal redemption for a period exceeding three months from the due date, the Company is liable to pay additional interest of @ 2% p.a. over the applicable Coupon Rate for the defaulting duration.
All NCDs are slated to be redeemed at Par upon maturity.
Source: BSE
