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UGRO Capital gets nod to raise upto Rs 35 crore through NCDs
May-18-2024

UGRO Capital has received approval to raise upto Rs 35 crore through Issuance of upto 3,500 Senior, Secured, Rated, Listed, Redeemable, Transferable Non-Convertible Debentures (NCDs) denominated in Indian Rupees (INR), having a face value of Rs 1 lakh each in dematerialised form, on a private placement basis.

The company has also received approval to raise upto Rs 100 crore through Issuance of upto 10,000 Listed, Rated, Senior, Secured, Taxable, Redeemable, Non-Convertible Debentures denominated in INR, having a face value of Rs 1 lakh each aggregating upto Rs 100 crore including a green shoe option of upto 5,000 Listed, Rated, Senior, Secured, Taxable, Redeemable, Non-Convertible Debentures denominated in INR, each having face value of Rs 1 lakh aggregating upto Rs 50 crore (NCDs) in dematerialised form, on a private placement basis

The Investment and Borrowing Committee of the Board of Directors of the Company (Committee) at its meeting held on May 18, 2024, has approved the same.

UGRO Capital is a BSE listed, small business lending fintech platform.


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