Hot Pursuit     04-Mar-24
Ugro Capital gains as board to mull fund raising
Ugro Capital rallied 3.91% to Rs 280.20 after the company announced that the investment and borrowing committee of the board is scheduled to meet on Thursday, 7 March 2024 to consider and approve the proposal of fund raising.
The funds will be raised by way of issuance of non-convertible debentures (NCDs) through private placement basis.

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’s standalone net profit stood at Rs 32.53 crore in Q3 FY24, steeply higher than Rs 13.12 crore posted in Q3 FY23. Total income jumped 47.3% YoY to Rs 279.31 crore in Q3 FY24.

Previous News
  Ugro Capital receives affirmation in credit ratings
 ( Corporate News - 26-Jul-23   18:51 )
  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 table results
 ( Corporate News - 03-Nov-23   16:49 )
  Ugro Capital allots NCDs aggregating Rs 35 cr
 ( Corporate News - 15-Mar-24   16:23 )
  Ugro Capital allots NCDs aggregating Rs 50 cr
 ( Corporate News - 18-Sep-23   15:12 )
  Ugro Capital allots CPs aggregating Rs 25 cr
 ( Corporate News - 03-Mar-23   10:22 )
  Ugro Capital announces cessation of director
 ( Corporate News - 17-Jun-23   10:32 )
  Ugro Capital rises as board to mull fund raising
 ( Hot Pursuit - 23-Feb-23   10:35 )
  Ugro Capital standalone net profit declines 45.93% in the December 2021 quarter
 ( Results - Announcements 09-Feb-22   08:09 )
  Ugro Capital reports standalone net profit of Rs 20.35 crore in the March 2020 quarter
 ( Results - Announcements 21-May-20   08:02 )
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