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Ugro Capital Limited ( (IN:UGROCAP) ) has shared an update.
Ugro Capital Limited has announced the conversion of its compulsorily convertible debentures (CCDs) into equity shares, following the expiration of the 18-month tenure of the CCDs issued in June 2024. This conversion has resulted in the issuance of 7,342,732 new equity shares, increasing the company’s total equity share capital. The conversion aligns with the company’s strategic capital raise plan, while the unexercised warrants from the same issuance have lapsed, impacting the company’s financial structuring and market positioning.
More about Ugro Capital Limited
Ugro Capital Limited operates in the financial services industry, focusing on providing capital solutions. The company specializes in offering financial products such as equity shares and convertible debentures, targeting various market segments to enhance capital growth and financial stability.
Average Trading Volume: 20,746
Technical Sentiment Signal: Hold
Current Market Cap: 19.94B INR
For a thorough assessment of UGROCAP stock, go to TipRanks’ Stock Analysis page.