Capital Trust Limited, an RBI-registered Non-Banking Financial Company (NBFC), has announced its foray into secured loans by disbursing its first secured loan in December '24, marking a significant step in its mission to enhance financial inclusion in rural India. The loan offerings will range from ₹2,00,000 to ₹10,00,000 and will cater exclusively to business purposes.
The company plans to extend secured loans through its own books as well as through co-lending and partnership models. Commenting on the development, Mr. Yogen Khosla, Chairman and Managing Director of Capital Trust Limited, stated, "The company will leverage its strengths to operate in rural markets, where it has a longstanding history. Secured loans will provide a balanced mix of secured and unsecured lending, ensuring stability and growth for the future."
In a related development, the Board of Directors of Capital Trust Limited recently approved a rights issue, further strengthening the company's financial base to support its strategic initiatives.
Shares of Capital Trust Limited was last trading in BSE at Rs. 112.95 as compared to the previous close of Rs. 115.25. The total number of shares traded during the day was 161 in over 3 trades.
The stock hit an intraday high of Rs. 112.95 and intraday low of 112.95. The net turnover during the day was Rs. 18184.00. |
