Ugro Capital board approves fundraise of Rs100 crore through NCD issue

28 Feb 2022 , 03:09 PM

The Investment and Borrowing Committee of the Board of Directors of Ugro Capital Limited at its meeting held today has inter alia approved an issue of rated, secured, senior, listed, transferable, redeemable non-convertible debentures for an amount of Rs50 crore (“Base Issue Size”) with an option to retain over-subscription up to Rs50 crore, aggregating up to Rs100 crore (“Overall Issue Size”) though public issue.

The debentures are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited. The tenures of NCDs will be 3 series as below:

• Series I — 18 Months
• Series II- 27 Months
• Series III- 36 Months

At around 3.10 pm, Ugro Capital Limited was trading at Rs180.20 per piece up Rs0.70 or 0.39% on the BSE.