Hot Pursuit     21-Jun-23
Ugro Capital rises after board allots commercial papers
Ugro Capital added 1.63% to Rs 233.35 after the investment and borrowing committee of its board allotted 200 units of commercial papers (CP) aggregating to Rs 10 crore on Tuesday, 20 June 2023.
The CPs having face value of Rs 5 lakh each was allotted at a discounted rate of 8.50% p.a. It has tenure of 90 days and will be redeemed on 18 September 2023.

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.

Previous News
  Ugro Capital standalone net profit rises 130.54% in the March 2023 quarter
 ( Results - Announcements 16-May-23   07:37 )
  Ugro Capital receives ratings action from India Ratings and Research
 ( Corporate News - 31-Jul-24   17:52 )
  Ugro Capital allots NCDs aggregating Rs 30 cr
 ( Corporate News - 10-Nov-23   11:50 )
  Ugro Capital raises Rs 250 cr via NCD issuance to Dutch entrepreneurial development bank - FMO
 ( Corporate News - 19-Dec-23   11:34 )
  Ugro Capital gains as board to mull fund raising on Dec 9
 ( Hot Pursuit - 07-Dec-22   09:28 )
  Ugro Capital raises Rs 250 cr via NCDs
 ( Hot Pursuit - 19-Dec-23   12:16 )
  Ugro Capital to raise Rs 341 cr via equity route
 ( Corporate News - 11-Apr-23   14:34 )
  Ugro Capital raises Rs 22 cr via CP issuance
 ( Corporate News - 23-Apr-24   10:15 )
  Ugro Capital to raise Rs 100 cr via bonds
 ( Other Markets - Debt Markets 07-Apr-22   16:14 )
  Ugro Capital enters into co-lending partnership with SBI
 ( Corporate News - 16-Nov-21   17:27 )
  Ugro Capital standalone net profit rises 55.92% in the September 2022 quarter
 ( Results - Announcements 11-Nov-22   08:35 )
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