UGRO Capital has received an approval for the issuance of listed Commercial papers to the tune of Rs 10 crore for a period of 90 days. The Investment and Borrowing Committee of the Board of Directors of the Company (Committee) at its meeting held on June 16, 2023 has, inter alia, approved the same.
Earlier, the company had raised Rs 25 crore through allotment of 2500 Senior, Secured, Rated, Listed, Redeemable, Transferable Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 each, on private placement basis.
UGRO Capital is a BSE listed, small business lending fintech platform.