Ugro Capital skyrockets ~8% on Rs50 crore fundraise through allotment of NCDs

30 Mar 2022 , 10:10 AM

Ugro Capital Limited on Tuesday has raised Rs50 crore through allotment of NCDs on a private placement basis.

“The Investment and Borrowing Committee of the Board of Directors of the Ugro Capital Limited on March 29, 2022 has allotted 500 rated, unlisted, senior, secured, redeemable, taxable, market linked, non-convertible debentures denominated in Indian Rupees, each having a face value of Rs10 lakh aggregating to Rs50 crore, at an issue price of Rs9.90 lakh debenture (i.e.1% discount on the face value) through private placement basis.

At around 10.10 am, Ugro Capital Limited was trading at Rs177.55 per piece up Rs12.65 or 7.67% on the BSE. The stock hit a high of Rs180.95 per piece after opening at Rs167.20 per piece than previous closing of Rs164.90 per piece on the BSE.