India, Nov. 14 -- Capital Trust Limited has successfully completed its Rights Issue, raising Rs 238.1 million. The issue was oversubscribed by 1.33 times, signalling strong investor confidence in the company's revised strategic roadmap.
As part of its transformation plan, the company has entered the gold loan segment—considered a secure and high-demand category. Dedicated gold loan branches have already been launched, and the company is exploring partnerships and co-lending opportunities to expand operations.
In a move to strengthen its balance sheet, Capital Trust has written off and provided for its stressed unsecured loan portfolio. The company said it does not anticipate further stress in its books following this clean-up exerci...