UGRO Capital to Talk About NCD Issuance Amid Strong Revenue Growth

27 Dec 2023 , 03:59 PM

Renowned financial services company UGRO Capital is debating whether to issue Non-Convertible Debentures (NCDs) as a means of generating capital in a calculated financial move. This important conversation is set for this Friday, December 29.

The statement on social media indicates UGRO Capital’s contemporary strategy for corporate messaging. This action demonstrates the company’s flexibility on digital platforms as well as the gravity of the decision being made. Companies frequently utilise the effective tool of NCD issuance to obtain capital for a range of commercial purposes without reducing the value of their equity.

Following UGRO Capital’s strong financial performance for the fiscal year 2023, NCDs may be issued. Remarkably, the company’s operations generated income of Rs 904 crore in FY23, up from Rs 321 crore in FY22. This significant increase in revenue shows the company’s strength as a financial entity and its ability to make wise choices in order to finance business growth.

On the designated date, the management of the company will formally discuss and maybe approve the strategy. In addition to having an impact on UGRO Capital’s financial structure, this conversation will establish a standard for other businesses looking to raise capital in the future. This day will be significant in the history of the business and could usher in a new era of

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