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An announcement from Ugro Capital Limited ( (IN:UGROCAP) ) is now available.
UGRO Capital Limited has announced the conversion of Compulsorily Convertible Debentures (CCDs) issued in June 2024 into equity shares, resulting in an increase in its equity share capital to Rs. 1,54,70,67,530. This move reflects the completion of capital-raising efforts designed to strengthen the company’s financial position, although the company also highlighted the lapse of certain warrants due to non-conversion, emphasizing transparency and compliance in its financial reporting process.
More about Ugro Capital Limited
UGRO Capital Limited operates in the financial services industry, focusing on providing customized credit facilities to small and medium enterprises (SMEs) across India. The company leverages technology to target underserved segments of the SME market, offering innovative financial solutions to enhance growth and development.
Average Trading Volume: 19,851
Technical Sentiment Signal: Sell
Current Market Cap: 19.78B INR
Find detailed analytics on UGROCAP stock on TipRanks’ Stock Analysis page.