Non-bank lender Capri Global Capital Ltd. has approved a bonus issue of shares as well as a split of its equity shares after its December quarter results.
The company has announced a bonus issue of shares in a 1:1 ratio, wherein shareholders will receive one free share for every one they hold as of the record date, which will be determined at a later date.
Capri Global Capital will utilise ₹41.24 crore from the balance in the securities premium account for the bonus issue of shares. As of March 31, 2023, the company had ₹188.3 crore in the securities premium account.
This is the first instance of the company issuing a bonus share.
Additionally, the board has also approved splitting one share with a face value of ₹2 each into two shares of a face value of ₹1 each. The company had last split its stock in November 2016, wherein one share of ₹10 was split into five shares of ₹2 each.
For the December quarter, Capri Global reported a 54% jump in its Assets Under Management (AUM) to ₹13,362 crore, while disbursements almost doubled, rising 91% from the same quarter last year. On a sequential basis, while AUM grew by 8.1%, disbursements rose by 6.9%.
Gross Stage 3 assets for the company stood at 2.1%, a marginal increase from 1.9% in the September quarter. Provision Coverage Ratio on the stage 3 assets stood at 34.7% from 32.2% in September.
Shares of Capri Global Capital ended 3.7% higher on Thursday at ₹990. The stock has risen nearly 40% over the last 12 months.
(Edited by : Amrita)
First Published: Jan 29, 2024 6:40 AM IST
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