UGRO Capital Limited allots NCDs for Rs. 46 crores

The Investment and Borrowing Committee of the Board of Directors of UGRO Capital Limited ("Committee") on Friday, 17th December 2021 has made an allotment of 460 rated, secured, senior, listed, transferable, redeemable nonconvertible debentures having face value of Rs. 10,00,000 each for cash at par aggregating to Rs. 46 crores.

The tenure of the instrument is 72 (Seventy Two) months and date of allotment is December 17, 2021.

The coupon / interest offered is 11.30% (Eleven Decimal Point Three Zero Percent) per annum. The Coupon is payable semi-annually. First Coupon will be paid on June 17 2022 and subsequently on June 17 and December 17 of every calendar year until the Maturity Date.

The Debentures are proposed to be listed on BSE Limited.

Shares of Ugro Capital Ltd was last trading in BSE at Rs. 193.50 as compared to the previous close of Rs. 202.75. The total number of shares traded during the day was 40040 in over 1388 trades.

The stock hit an intraday high of Rs. 202.85 and intraday low of 192.30. The net turnover during the day was Rs. 7897664.00.

Source : Equity Bulls

Keywords

UgroCapital INE583D01011 NBFC FundRaising NCDs