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Ugro Capital Limited ( (IN:UGROCAP) ) has issued an announcement.
UGRO Capital Limited has announced the conversion of its Compulsorily Convertible Debentures (CCDs) into equity shares, following the expiration of their 18-month tenure. This conversion increases the company’s equity share capital, reflecting a strategic move to strengthen its financial structure and market position. The conversion of 7,342,732 equity shares will align with existing shares, while unexercised warrants will lapse, impacting the company’s capital dynamics.
More about Ugro Capital Limited
UGRO Capital Limited operates in the financial services industry, focusing on providing capital solutions through products like Compulsory Convertible Debentures (CCDs) and Convertible Warrants. The company is committed to enhancing its market presence by facilitating capital raises and equity share allotments.
Average Trading Volume: 20,746
Technical Sentiment Signal: Hold
Current Market Cap: 19.94B INR
Learn more about UGROCAP stock on TipRanks’ Stock Analysis page.