Capri Global shares zoom 20% as large-cap stock trades ex-split, ex-bonus
Capri Global Capital split date, Capri Global Capital bonus news: Capri Global Capital Ltd (CGCL ) shares skyrocketed on Tuesday, March 5, as the NBFC stock traded both ex-bonus and ex-stock split.
Capri Global Capital split date, Capri Global Capital bonus news: Capri Global Capital Ltd (CGCL ) shares skyrocketed on Tuesday, March 5, as the NBFC stock traded both ex-bonus and ex-stock split.
The stock of Mumbai-based Capri Global Capital was locked in the 20 per cent upper circuit at Rs 289.4 and Rs 289.3 apiece on BSE and NSE, respectively. The NBFC stock traded with heavy volumes as about 2.9 lakh shares changed hands in intraday trade so far, sharply higher than a daily average of 14,000 recorded in the past two weeks, according to provisional exchange data.
The company’s market capitalisation stood at Rs 23,873.8 crore, according to BSE.
Capri Global Capital share split date, Capri Global Capital bonus issue ratio
In a regulatory filing dated February 27, the company declared a share split in the ratio of 2:1 (two for one) and a bonus issue in the ratio of 1:1 (one for one).
"The Board of directors at its meeting held on January 27 has approved sub-division of one equity share of the face value of Rs 2 each fully paid-up into two equity shares of the face value of Re 1 each fully paid-up,” according to the filing.
"The board also approved 1:1 bonus issue, i.e, one new fully paid-up bonus equity share of face value of Re 1 each for every one fully paid-up equity share of the face value of Re 1," it added.
Capri Global shares: Past performance
Capri Global Capital shares have declined nearly 60 per cent in the past year, sharply underperforming a rally of more than 26 per cent in the benchmark Nifty50 index.
What does Capri Global Capital do?
Capri Global Capital Ltd is a diversified non-banking financial services company with a presence primarily across two key verticals: MSME loans and home loans.
The company’s focus on MSMEs cuts across areas such as restaurants, small manufacturing units, traders and private schools.
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