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Ugro Capital Limited ( (IN:UGROCAP) ) has provided an update.
Ugro Capital Limited has announced the issuance of up to 300,000 non-convertible debentures (NCDs) on a private placement basis, with a face value of INR 10,000 each, totaling INR 300 crore. This strategic move, approved by the company’s Investment and Borrowing Committee, includes a green shoe option to retain oversubscription of up to 150,000 additional NCDs, potentially raising an additional INR 150 crore. The issuance is part of Ugro Capital’s efforts to strengthen its financial position and expand its credit offerings, impacting its market presence and providing opportunities for investors.
More about Ugro Capital Limited
Ugro Capital Limited operates in the financial services industry, focusing on providing credit solutions. The company specializes in offering various financial products, including non-convertible debentures, and is known for its strategic market positioning in India.
Average Trading Volume: 23,791
Technical Sentiment Signal: Hold
Current Market Cap: 21.77B INR
For detailed information about UGROCAP stock, go to TipRanks’ Stock Analysis page.