UGRO Capital has received approval to raise upto Rs 50 crore through issuance of upto 5,000 Listed, Rated, Senior, Unsecured, Taxable, Redeemable, Non-Convertible Debentures denominated in Indian Rupees (INR), each having face value of Rs 1,00,000 in dematerialised form, on a private placement basis. Date of allotment of the said NCDs will be on January 24, 2024 (tentative) and Date of maturity will be on April 18, 2026 (tentative). The Investment and Borrowing Committee of the Board of Directors of the Company at its meeting held on January 17, 2024 has approved the same.
UGRO Capital is a BSE listed, small business lending fintech platform.
