Ugro Capital has raised Rs 50 crore on a Private Placement basis. The Investment & Borrowing Committee of the company has approved the allotment of 500 Secured Redeemable Non-Convertibles Debentures (NCDs) of the face value of Rs 10,00,000 each aggregating to Rs 50 crore on a Private Placement basis.
Ugro Capital is engaged in providing financial services. The company is registered as a category I merchant banker with Securities and Exchange Board of India (SEBI) and is involved in the activities related to investment, trading and arbitrage in shares and securities.
