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Money Matters renamed as Capri Global

Move was made after both companies entered a strategic tie-up

Manojit Saha  |  Mumbai 

Non-banking financial services firm Money Matters has been renamed as Capri Global Capital following both the entering into a strategic tie-up and has appointed Qunitin E. Primo III, as Non-Executive Chairman on its board.

Qunitin E. Primo III is currently Chairman and Chief Executive Officer of Chicago based Capri Capital Partners LLC (CCP), which is a $3.4 billion fund in real estate and structured equity investments.

“With Quintin coming on board, we plan to aggressively expand our operations and launch new products including expansion of lending portfolio to MSME segments as a part of diversification strategy with special focus on priority sectors,” said CCCL – India’s Managing Director PH Ravikumar while adding that the company plans to deploy around 1900 crore rupees under MSME & priority sector lending by the end of 2016-17.

In 2010 controversy surrounded Money Matters as its then chief executive was arrested by Central Bureau of Investigation (CBI) on the allegation that the company has bribed or attempted to bribe bankers to get loans for many (End)

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First Published: Fri, August 09 2013. 18:49 IST