Hot Pursuit     23-Feb-23
Ugro Capital rises as board to mull fund raising
Ugro Capital advanced 2.75% to Rs 153.20 after the NBFC announced that the investment and borrowing committee of the board will consider the proposal of fund raising on Saturday, 25 February 2023.
The company added that the funds will be raised by way of issuance of non-convertible debentures and/or commercial papers 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 net profit soared 287% to Rs 13.12 crore on 122.6% jump in total income to Rs 189.59 crore in Q3 FY23 over Q3 FY22.

Previous News
  Ugro Capital standalone net profit rises 292.90% in the March 2022 quarter
 ( Results - Announcements 25-May-22   08:31 )
  Ugro Capital allots NCDs aggregating Rs 35 cr
 ( Corporate News - 25-Jun-24   18:40 )
  Ugro Capital to raise Rs 100 cr via bonds
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  Ugro Capital standalone net profit declines 9.00% in the December 2020 quarter
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  Ugro Capital rises as board to mull fund raising
 ( Hot Pursuit - 23-Feb-23   10:35 )
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 ( Corporate News - 23-Feb-23   10:10 )
  UGRO Capital AGM scheduled
 ( Corporate News - 27-May-22   16:06 )
  Ugro Capital allots CPs aggregating Rs 25 cr
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