Non-banking financial company Capri Global Capital Ltd has authorised the establishment of a Global Medium Term Note (GMTN) programme for an aggregate amount of up to $1 billion, according to reports from CNBC TV18. The Management Committee, at its meeting held on March 25, 2026 from 3:00 p.m. to 3:45 p.m., authorised certain officers to undertake necessary actions in connection with the GMTN programme. The authority was granted pursuant to powers delegated by the board of directors in its meeting held on January 29, 2026.
The authorised officers will carry out activities including negotiating, finalising, amending, altering and executing required documents, agreements, instruments, forms, applications and related writings for the programme, as reported by CNBC TV18. The programme will allow the offer, issue and allotment of foreign currency bonds, notes, debentures or other debt securities under the GMTN programme. These issuances may take place in one or more tranches or series, subject to market conditions and regulatory compliance. The authorization specifically covers transactions made in accordance with Regulation S and/or Rule 144A of the U.S. Securities Act, 1933.
According to CNBC TV18, the issuances will be carried out as approved by the board of directors from time to time under the GMTN programme. The company stated that the securities will not be offered or sold to any investor in India. Further details will be disclosed once the terms and conditions relating to the issuance are finalised.
Shares of Capri Global Capital Ltd ended at ₹167.50, down by ₹0.65, or 0.39%, on the BSE, as reported by CNBC TV18. The stock movement occurred on the same day as the GMTN programme announcement.
