Hot Pursuit     27-Dec-23
UGRO Capital gains as board to mull fund raising
UGRO Capital rose 1.35% to Rs 273.70 after the NBFC announced that the investment and borrowing committee of the board will consider the proposal of fund raising on Friday, 29 December 2023.
The company added that the funds will be raised by way of issuance of non-convertible debentures through public issue.

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 28.89 crore in Q2 FY24, steeply higher than Rs 5.27 crore posted in Q2 FY23. Total income jumped 63.3% YoY to Rs 253.63 crore.

Previous News
  Ugro Capital receives ratings action from India Ratings and Research
 ( Corporate News - 31-Jul-24   17:52 )
  Ugro Capital allots 60,000 equity shares under ESOS
 ( Corporate News - 04-Aug-23   10:17 )
  Ugro Capital raises Rs 10 cr via CPs
 ( Corporate News - 19-Apr-23   20:03 )
  Ugro Capital standalone net profit declines 92.38% in the March 2021 quarter
 ( Results - Announcements 30-Jun-21   07:50 )
  Ugro Capital allots NCDs aggregating Rs 35 cr
 ( Corporate News - 25-Jun-24   18:40 )
  UGRO Capital schedules board meeting
 ( Corporate News - 27-Dec-23   13:47 )
  UGRO Capital to announce Quarterly Result
 ( Corporate News - 30-Sep-23   11:12 )
  Board of Ugro Capital approves fund raising and increase in authorised share capital
 ( Corporate News - 11-Apr-23   14:38 )
  Ugro Capital plans to issue NCDs aggregating Rs 25 cr
 ( Corporate News - 13-Jan-22   14:34 )
  Ugro Capital allots NCDs aggregating Rs 249.90 cr
 ( Corporate News - 30-Jan-24   13:12 )
  Ugro Capital to consider raising funds via NCDs on Feb. 28
 ( Hot Pursuit - 23-Feb-22   15:48 )
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