UGRO Capital has received an approval for Issuance of upto 5000 Senior, Secured, Rated, Listed, Redeemable, Taxable, Non-Convertible Debentures denominated in Indian Rupees, each having face value of Rs 1 lakh aggregating upto Rs 50 crore along with a green shoe option of upto 5000 Senior, Secured, Rated, Listed, Redeemable, Taxable, Non-Convertible Debentures denominated in Indian Rupees, each having face value of Rs 1 lakh aggregating upto Rs 50 crore (NCDs) in dematerialised form, on a private placement basis.
The Board has also approved Issuance of upto 2800 Senior, Secured, Rated, Unlisted, Redeemable, Transferable Non-Convertible Debentures denominated in Indian Rupees, each having face value of Rs 1 lakh aggregating upto Rs 28 crore (NCDs) 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 29, 2023 has approved the same.
UGRO Capital is a BSE listed, small business lending fintech platform.
