MoneyWorks4Me

UGRO Capital gets approval to raise up to Rs 50 crore

26 Aug 2022 Evaluate

UGRO Capital has received an approval for an issue of 50,000 Rated Unsubordinated Unlisted Secured Transferable Redeemable Non-convertible debentures (Debentures) each bearing a face value of Rs 10,000 aggregating up to Rs 50 crore for cash, at par, in dematerialised form, on a private placement basis. The Investment and Borrowing Committee of the Board of Directors of the Company (Committee) at its meeting held on August 26, 2022 has approved the same.

Ugro Capital is engaged in providing financial services.

Peers