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Capri Global Capital Ltd (CGCL) on Monday said its board has approved sub-division of equity shares of face value Rs 10 each into equity shares of Rs 2 each.
In a stock exchange notification, the company said the stock split is to increase the liquidity of equity shares and to enhance the shareholders’ base.
The expected time of sub-division of shares is December 15. Post the sub-division, the number of the company’s equity shares will increase from 3,50,26,961 shares to 17,51,34,805 shares.
CGCL’s board also approved raising funds through issue of non-convertible debentures to the extent of Rs 500 crore, subject to shareholders’ approval. It will also raise Rs 300 crore via commercial paper.
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