UGRO Capital board approves NCDs issue of Rs25 crore; Stock soars 2.6%

14 Jul 2022 , 09:17 AM

UGRO Capital Limited has informed to the exchanges regarding issuance of non-convertible debentures on private placement basis.

According to the filing, the Investment and Borrowing Committee of the Board of Directors of UGRO Capital Limited at its meeting held on Wednesday, July 13, 2022 has approved issuance of 250 senior, secured, rated, listed, redeemable, taxable Non-convertible Debentures each bearing a face value of Rs10 lakh aggregating up to Rs25 crore for cash, at par, in dematerialised form, on a private placement basis.

The meeting of the Committee commenced at 3.00 p.m. and concluded at 5:30 p.m., the company informed.

At around 9:17 AM, UGRO Capital was trading at Rs153.90 per share higher by 2.60% as against previous closing of Rs150 per share on the BSE.