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 launches public issue of secured NCDs
 ( Other Markets - Debt Markets 08-Feb-24   16:18 )
  UGRO Capital to hold AGM
 ( Corporate News - 03-May-24   10:43 )
  UGRO Capital to announce Quarterly Result
 ( Corporate News - 30-Sep-23   11:12 )
  Ugro Capital board OKs NCD issue of upto Rs 20 cr
 ( Hot Pursuit - 20-Feb-23   13:38 )
  Ugro Capital update on proposed public issue of NCDs of Rs 200 cr
 ( Corporate News - 29-Dec-23   15:24 )
  UGRO Capital to convene board meeting
 ( Corporate News - 29-Mar-24   10:06 )
  Ugro Capital gains as board to mull fund raising
 ( Hot Pursuit - 04-Mar-24   15:24 )
  UGRO Capital to hold board meeting
 ( Corporate News - 25-Apr-23   17:39 )
  Ugro Capital standalone net profit rises 287.02% in the December 2022 quarter
 ( Results - Announcements 27-Jan-23   07:34 )
  Ugro Capital standalone net profit rises 55.92% in the September 2022 quarter
 ( Results - Announcements 11-Nov-22   08:35 )
  Ugro Capital hits the roof after co-lending partnership with SBI
 ( Hot Pursuit - 17-Nov-21   11:17 )
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