Ugro Capital has received approval to raise Rs 911.40 crore through issuance of 49,264,715 fully paid-up unsecured compulsorily convertible debentures (CCDs), having face value of Rs 10 each by way of a preferential allotment at an issue price of Rs 185 for each CCD. The board of the company in its meeting held on June 20, 2025, has approved the same. The decision is subject to shareholders' approval.
Each CCD shall be convertible into one equity share having face value of Rs 10 per equity share fully paid up (Conversion Shares) at a conversion price of Rs 185 per equity share (Conversion Price) which includes premium of Rs 175 per equity share.
Ugro Capital is a BSE listed, small business lending fintech platform.
