UGRO Capital raises Rs100 crore through public issue of NCDs

27 Sep 2022 , 10:34 AM

UGRO Capital Limiited has announced to the stock exchanges regarding allotment of non-convertible debentures.

According to the filing, the Investment and Borrowing Committee of the Board of Directors of the Company on Monday, September 26, 2022, has inter alia made an allotment of 10,00,000 Rated, Secured, Senior, Listed, Transferable, Redeemable, Non-Convertible Debentures having face value of Rs1,000 each for cash at par aggregating to Rs100,00,00,000/- through public issue.

Further, the debentures are proposed to be listed on BSE Limited and NSE Limited.

“The Debentures shall be secured by way of a first and exclusive charge over the Identified Assets (Receivables) by way of hypothecation in favour of the Debenture Trustee”, the company said. 

Notably, Debenture will be redeemed at Par i.e. Rs. 1,000/- being face value of each NCD on the maturity date. 

At around 10:35 AM, UGRO Capital was trading at Rs179.30 per share lower by 2.4% on the BSE.

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