UGRO Capital Limited approves issue of 460 NCDs

The Investment and Borrowing Committee of the Board of Directors of UGRO Capital Limited ("Committee") at its meeting held today, i.e. Saturday, 11th December 2021 has approved issue of 460 (Four Hundred and Sixty) Secured, Rated, Listed, Redeemable, Transferable, Non-convertible Debentures ("Debentures") each bearing a face value of Rs. 10,00,000/- (Rupees Ten Lakh only) aggregating up to 46,00,00,000/-.(Rupees Forty Six Crores only), for cash, at par, in dematerialised form, on a private placement basis.

The coupon / interest offered is 11.30% (Eleven Decimal Point Three Zero Percent) per annum.

The Debentures are proposed to be listed on: BSE Limited.

The date of maturity is December 17, 2027 being 72 (Seventy Two) months from the Deemed Date of Allotment of December 17, 2021, subject to a Put Option or Call Option or Mandatory Prepayment Option or, such other date on which the final payment of the principal amount of the Debentures becomes due and payable as therein or herein provided, whether at such stated maturity date, by declaration of acceleration, or otherwise.

Shares of Ugro Capital Ltd was last trading in BSE at Rs. 198.55 as compared to the previous close of Rs. 194.65. The total number of shares traded during the day was 15809 in over 821 trades.

The stock hit an intraday high of Rs. 200.55 and intraday low of 194.80. The net turnover during the day was Rs. 3131428.00.

Source : Equity Bulls

Keywords

UgroCapital INE583D01011 NCDs FundRaising