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 allots NCDs aggregating Rs 35 cr
 ( Corporate News - 15-Mar-24   16:23 )
  UGRO Capital spurts on assuring minimal impact from new regulations
 ( Hot Pursuit - 22-Nov-23   15:03 )
  Ugro Capital allots CPs aggregating Rs 25 cr
 ( Corporate News - 03-Mar-23   10:22 )
  UGRO Capital to announce Quarterly Result
 ( Corporate News - 30-Sep-23   11:12 )
  Ugro Capital allots 60,000 equity shares under ESOS
 ( Corporate News - 04-Aug-23   10:17 )
  Ugro Capital standalone net profit declines 54.42% in the June 2021 quarter
 ( Results - Announcements 12-Aug-21   07:47 )
  Ugro Capital receives ratings action from India Ratings and Research
 ( Corporate News - 31-Jul-24   17:52 )
  Board of Ugro Capital to consider public issue of NCDs
 ( Corporate News - 23-Feb-22   14:01 )
  Ugro Capital to consider fund raising
 ( Corporate News - 23-Feb-23   10:10 )
  Ugro Capital hits the roof after co-lending partnership with SBI
 ( Hot Pursuit - 17-Nov-21   11:17 )
  Ugro Capital allots NCDs aggregating Rs 26 cr
 ( Corporate News - 29-Dec-21   17:48 )
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