Hot Pursuit     07-Jun-23
Ugro Capital board allots NCDs worth Rs 25 cr
Ugro Capital announced that the investment and borrowing committee of its board has allotted 2,500 non-convertible debentures (NCDs) aggregating to Rs 25 crore through private placement basis.
The senior, secured, rated, listed, redeemable, transferable NCDs having face value of Rs 1 lakh each allotted on 6 June 2023 will mature on 6 December 2024. Theses instruments have an interest rate of 10.25% per annum to be paid quarterly.

The company said that the debentures are proposed to be listed on Bombay Stock Exchange (BSE).

Ugro Capital is an MSME lending fintech platform. It uses the emerging data tripod of GST, banking and bureau coupled with its sectoral analysis to solve the problem of credit for small businesses.

The company net profit soared 130.5% to Rs 14.04 crore on 92.4% jump in total income to Rs 217.16 crore in Q4 FY23 over Q4 FY22.

Shares of Ugro Capital declined 0.49% to Rs 231.80 on the BSE.

Previous News
  Ugro Capital allots NCDs aggregating Rs 249.90 cr
 ( Corporate News - 30-Jan-24   13:12 )
  Ugro Capital allots NCDs aggregating Rs 35 cr
 ( Corporate News - 15-Mar-24   16:23 )
  Ugro Capital announces cessation of director
 ( Corporate News - 17-Jun-23   10:32 )
  Board of Ugro Capital approves fund raising via NCD issuance
 ( Corporate News - 12-Jan-24   15:07 )
  UGRO Capital gains as board to mull fund raising
 ( Hot Pursuit - 27-Dec-23   10:00 )
  Ugro Capital to raise Rs 65 crore via CP issuance
 ( Corporate News - 09-Mar-23   13:56 )
  Ugro Capital director resigns
 ( Corporate News - 17-Jun-23   10:31 )
  Ugro Capital standalone net profit declines 80.33% in the September 2021 quarter
 ( Results - Announcements 03-Nov-21   08:24 )
  Ugro Capital allots NCDs aggregating Rs 25 cr
 ( Corporate News - 16-Jul-22   11:28 )
  Ugro Capital to raise Rs 100 cr via bonds
 ( Other Markets - Debt Markets 07-Apr-22   16:14 )
  Ugro Capital rises as board to mull fund raising via NCDs
 ( Hot Pursuit - 24-Aug-22   09:43 )
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