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Ugro Capital gets nod to raise Rs 25 crore through NCDs

09 Dec 2022 Evaluate

Ugro Capital has received approval to raise Rs 25 crore through issuance of 250 rated, senior, secured, listed, transferable, redeemable, principal protected market linked non-convertible debentures (NCDs) denominated in Indian Rupees, each having a face value of Rs 10,00,000 each being offered at discount with an issue price of Rs 9,27,000 on a private placement basis. The Investment and Borrowing Committee of the Board of Directors of the Company at its meeting held on December 09, 2022 has, inter alia, approved the same.

Ugro Capital is engaged in providing financial services.

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