Hot Pursuit     27-Dec-23
UGRO Capital gains as board to mull fund raising
UGRO Capital rose 1.35% to Rs 273.70 after the NBFC announced that the investment and borrowing committee of the board will consider the proposal of fund raising on Friday, 29 December 2023.
The company added that the funds will be raised by way of issuance of non-convertible debentures through public issue.

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 28.89 crore in Q2 FY24, steeply higher than Rs 5.27 crore posted in Q2 FY23. Total income jumped 63.3% YoY to Rs 253.63 crore.

Previous News
  Ugro Capital standalone net profit rises 132.83% in the March 2024 quarter
 ( Results - Announcements 02-May-24   17:59 )
  Board of Ugro Capital approves fund raising and increase in authorised share capital
 ( Corporate News - 11-Apr-23   14:38 )
  Ugro Capital announces change in nominee director
 ( Corporate News - 26-Apr-24   12:21 )
  Ugro Capital standalone net profit rises 331.76% in the June 2022 quarter
 ( Results - Announcements 23-Jul-22   08:23 )
  Ugro Capital rises as board to mull fund raising via NCDs
 ( Hot Pursuit - 24-Aug-22   09:43 )
  Ugro Capital hits the roof after co-lending partnership with SBI
 ( Hot Pursuit - 17-Nov-21   11:17 )
  Ugro Capital to raise Rs 341 cr via equity route
 ( Corporate News - 11-Apr-23   14:34 )
  Ugro Capital announces cessation of director
 ( Corporate News - 17-Jun-23   10:32 )
  Ugro Capital gains as board to mull fund raising
 ( Hot Pursuit - 04-Mar-24   15:24 )
  Ugro Capital partners with Bank of Baroda to launch co-lending program for MSME
 ( Corporate News - 21-Jul-21   16:44 )
  UGRO Capital to conduct board meeting
 ( Corporate News - 30-Dec-19   17:05 )
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