Capital First to raise Rs 340 cr from Caladium Investment

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26 Aug, 2025 12:21

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Non-banking financial company Capital First today said it plans to raise Rs 340 crore through preferential issue.

The firm has proposed to raise Rs 340 crore on a preferential basis by allotting 47.8 lakh shares to Caladium Investment, an affiliate of GIC, Singapore's sovereign wealth fund at Rs 712.7 per share, a statement said.

Post this transaction, the total capital (including Tier 1 and Tier 2 capital) of the company will increase to Rs 3,263 crore on a consolidated basis and the capital adequacy will increase to 21.6 per cent, it said.

"Caladium will provide growth capital to the company.

Post this transaction the capital adequacy ratio will increase from 19.1 per cent to 21.6 per cent, which will help the company to continue its future growth plans on a strong capital base," Capital First Founder and Chairman V Vaidyanathan said.

The company reported a net profit of Rs 57.6 crore for Q2 FY2017, an increase of 40 per cent from Rs 41.0 crore in Q2 FY2016.

Its assets under management (AUM) grew 32 per cent to Rs 17,937 crore as on September 30 on a year on year basis, with its retail loan portfolio contributing to 90.1 per cent.

The gross NPA and net NPA of the company stood at 0.98 per cent and 0.45 per cent respectively as on September 30.