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Ugro Capital gets nod to raise Rs 50 crore through NCDs

25 Mar 2022 Evaluate

Ugro Capital has received approval to raise Rs 50 crore through 500 rated, unlisted, senior, secured, redeemable, taxable, transferable, market-linked, non-convertible debentures (NCDs) having face value of Rs 10 lakh each for cash, issued at discount of Rs 9,90,000 per debenture. The Investment and Borrowing Committee of the Board of Directors of the Company at its meeting held on March 25, 2022 has inter alia approved the same.

Ugro Capital is engaged in providing financial services.

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