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Hot Pursuit
09-Mar-23
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Ugro Capital raises 50 cr via NCDs
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The investment and borrowing committee of the company's board allotted 5,000 non-convertible debentures (NCDs) aggregating to Rs 50 crore including a green shoe option of 2,500 NCDs for Rs 25 crore through private placement basis.
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The senior, secured, rated, listed, redeemable, taxable, transferable NCDs having face value of Rs 1 lakh each allotted on 8 March 2023 will mature on 8 March 2026. Theses instruments have an interest rate of 10.50% per annum to be paid monthly.
The company said that the debentures are proposed to be listed on Bombay Stock Exchange (BSE).
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.
Shares of Ugro Capital rose 0.99% to currently trade at Rs 158.70 on the BSE.
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Previous News |
UGRO Capital to declare Quarterly Result
(
Corporate News
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30-Sep-24
16:37
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Ugro Capital to raise Rs 200 cr via public issue of NCDs
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Corporate News
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24-Sep-24
18:25
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Ugro Capital standalone net profit rises 20.29% in the June 2024 quarter
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Results
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Announcements
17-Aug-24
16:43
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Ugro Capital receives ratings action from India Ratings and Research
(
Corporate News
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31-Jul-24
17:52
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Ugro Capital receives upgrade in credit ratings
(
Corporate News
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31-Jul-24
10:29
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Ugro Capital allots NCDs aggregating Rs 75 cr
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Corporate News
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11-Jul-24
14:13
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Ugro Capital to raise Rs 75 cr via NCD issuance
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Corporate News
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06-Jul-24
10:58
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Ugro Capital allots 13,400 equity shares under ESOS
(
Corporate News
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04-Jul-24
14:06
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UGRO Capital to discuss results
(
Corporate News
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29-Jun-24
17:38
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Ugro Capital allots NCDs aggregating Rs 35 cr
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Corporate News
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25-Jun-24
18:40
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Ugro Capital concludes capital raise via preferential allotment of CCDs and warrants
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Corporate News
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18-Jun-24
12:26
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