Capri Global Capital Limited released a monitoring agency report indicating that the proceeds from its Qualified Institutions Placement (QIP) of equity shares have been appropriately utilized. The report, issued by Crisil Ratings Limited, covers the quarter ended September 30, 2025. The proceeds were primarily used for part repayment of outstanding borrowings and augmenting the capital base, aligning with the objectives stated in the Placement Document.
QIP Proceeds Utilization
Capri Global Capital Limited confirms that the proceeds from its Qualified Institutions Placement (QIP) have been utilized as planned. A monitoring agency report was released for the quarter ending September 30, 2025. The report indicates that the proceeds were allocated according to the objectives outlined in the Placement Document dated June 12, 2025.
Key Areas of Utilization
The primary use of the QIP proceeds was directed towards the following key areas:
- Part repayment of outstanding borrowings.
- Augmenting the company’s capital base.
Monitoring Agency’s Assessment
Crisil Ratings Limited, the appointed monitoring agency, issued the report confirming that the QIP proceeds were utilized appropriately. The report indicated that the net proceeds from the QIP, amounting to Rs 19,618.91 million, were used according to the specified objectives. The issue period for the QIP was from June 09, 2025, to June 12, 2025.
Source: BSE
