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Ugro Capital raises Rs 50 crore via NCDs

30 Mar 2022 Evaluate

Ugro Capital has raised Rs 50 crore through allotment of 500 rated, unlisted, senior, secured, redeemable, taxable, market linked, non-convertible debentures (NCDs) denominated in Indian Rupees, each having a face value of Rs 10,00,000, at an issue price of Rs 9,90,000 per debenture (i.e.1% discount on the face value) through private placement basis. The Investment and Borrowing Committee of the Board of Directors of the Company (Committee) on March 29, 2022 has, inter alia, has allotted the same.

Ugro Capital is engaged in providing financial services.

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