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UGRO Capital board approves issuance of NCDs of Rs70 crore

The meeting of the Committee commenced at 10:00 a.m. am and concluded at 11:30 a.m.

September 22, 2022 2:15 IST | India Infoline News Service
UGRO Capital Limited has informed about the outcome of the Investment and Borrowing Committee Meeteing.

The Board of Directors of the Company at its meeting held today, i.e. Thursday, September 22, 2022 has approved an issuance of 700 Rated, Senior, Secured, Listed, Transferable, Redeemable, Principal Protected Market Linked Non-Convertible Debentures, each.

Its having a face value of Rs10,00,000 (Indian Rupees Ten Lakhs) an aggregate face value of Rs70,00,00,000 (Indian Rupees Seventy Crores) including a green shoe option of upto 200 (two hundred) Rated, Senior, Secured, Listed, Transferable, Redeemable, Principal Protected Market Linked Non-Convertible Debentures, each having a face value of Rs10,00,000 (Indian Rupees Ten Lakhs) and an aggregate face value of Rs20,00,00,000 (Indian Rupees Twenty Crores), at premium (with an issue price of Rs10,40,706 (Rs. Ten Lakhs Forty Thousand Seven Hundred and Six Only) per Debenture on a private placement basis.

The meeting of the Committee commenced at 10:00 a.m. am and concluded at 11:30 a.m.

At around 3:10 PM, UGRO Capital was trading at Rs196.35 per share lower by 0.18% as against previous closing of Rs196.70 per share on the BSE.

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