Ugro Capital climbs 2% after total disbursements rise to Rs414cr in December 2021

12 Jan 2022 , 09:30 AM

Ugro Capital Limited’s total disbursements stood at Rs414cr in the month of December 2021 against Rs319cr in November 2021 (mom). As a result, the overall AUM as of December 2021 stood at Rs2,590cr up 97% since March 2021 and 130% since December 2020, the company said in a filing on Tuesday.

The company said it continues to maintain a healthy liquidity position, it raised Rs355cr of fresh sanctions during December 2021 and our total liabilities stood at ~Rs1,929cr as of December 2021.

The company said it added 6 new lenders during December 2021 thereby further diversifying our lender base to a total of 50 lenders.

“Our collection efficiency has improved mom across channels. Signed Rs1,000cr co-lending agreement with Central Bank of India across majority of our products,” the company said.

At around 9.33 AM, Ugro Capital Limited was trading at Rs214.05 per piece up Rs4.00 or 1.90% on the BSE.