Ugro Capital board to mull fund raising on 13 Jan

11 Jan 2022 , 12:03 PM

In a stock exchange filing, the company said, ?the meeting of the Investment and Borrowing Committee of the board of directors is scheduled to be held on Thursday, 13 January 2022 to consider and approve raising of funds by way of issuance of Non-Convertible Debentures on private placement basis.?

Shares of Ugro Capital were trading 1.81% higher at Rs 208.50 on BSE.

Ugro Capital is an MSME lending fintech platform. It uses the emerging data tripod of GST, banking and bureau coupled with its sectoral analysis to solve the problem of credit for small businesses. The company has raised about Rs 2500 crore of equity & debt capital from marquee private equity investors, family offices, banks and other financial Institution over last 3 years.

Net profit of Ugro Capital declined 80.33% to Rs 3.38 crore on 80.07% rise in total income to Rs 62.70 crore in Q2 FY22 over Q2 FY21.

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