Capri Global Capital (CGCL) wholly owned subsidiary "Capri Global Housing Finance" announced the receipt of certificate of registration from National Housing Bank (NHB) to launch its Housing Finance business.

The company would foray into the housing finance business in India through its subsidiary.

"The government of India envisions providing Housing to all by the year 2022. The vision will only be met by focusing on improving the prospects of affordable housing sector. Being a reputed NBFC, Capri Global has always believed in empowering aspirations of its customers," the company said.

Capri Global Housing Finance will commence operations from early next year.

Shares of the company gained Rs 1.9, or 1.18%, to settle at Rs 163.20. The total volume of shares traded was 835 at the BSE (Thursday).