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Capri Global Capital trades in green as its arm enters into co-lending alliance with SBI
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Capri Global Capital is currently trading at Rs. 619.10, up by 3.10 points or 0.50% from its previous closing of Rs. 616.00 on the BSE.
The scrip opened at Rs. 618.05 and has touched a high and low of Rs. 621.80 and Rs. 618.00 respectively. So far 1606 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 643.90 on 21-Mar-2022 and a 52 week low of Rs. 339.15 on 25-Mar-2021.
Last one week high and low of the scrip stood at Rs. 643.90 and Rs. 614.25 respectively. The current market cap of the company is Rs. 10874.74 crore.
The promoters holding in the company stood at 74.74%, while Institutions and Non-Institutions held 4.83% and 20.43% respectively.
Capri Global Capital’s wholly owned subsidiary -- Capri Global Housing Finance has entered a co-lending alliance with the State Bank of India (SBI), country's largest public-sector bank. The collaboration aims to offer housing loans under priority sector to eligible homebuyers at competitive interest rates across its 110 touch points in India. The loan disbursement under this arrangement would commence from March 2022.
Capri Global Housing Finance, through its diversified network of branches across ten states and Union Territories, will originate and process home loans as per mutually agreed parameters with SBI in line with the co-lending framework laid down by the Reserve Bank of India. Capri Global Housing Finance will act as a servicing agent for the loan accounts sourced under this partnership throughout the loan's life cycle and retain 20% of the loan on its book, whereas SBI will maintain80% of the loan. The co-lending framework will collaborate the operational management expertise of Capri Global Housing Finance and low-cost fund of SBI to offer an affordable credit solution to the borrowers.
Capri Global Capital is engaged in the business of providing loans to Micro, Small and Medium Enterprises (MSMEs), providing long term finance for construction of residential houses in India, retail Lending in India and in providing ancillary services related to the said business activities.
