Capri Global Rallies 5% as Capital Group Invests Rs 117 Crore in Nearly 49 Lakh Shares
NEW DELHI: Financial services firm Capital Group has acquired nearly 49 lakh shares of Capri Global Capital for Rs 117 crore through an open market transaction, according to bulk deal data available on the BSE. The acquisition was made by the US-based investment giant through its affiliate, SmallCap World Fund Inc.
As per the exchange data, SmallCap World Fund Inc purchased 48,67,984 equity shares of Mumbai-based Capri Global Capital, representing a 0.5 per cent stake in the company. The transaction was valued at approximately Rs 117 crore.
Investor sentiment remained positive following the deal, with shares of Capri Global Capital rising 5 per cent to Rs 248.85 apiece during trade on the BSE, reflecting strong market confidence after the stake acquisition by the global investment firm.
