UGRO Capital Ltd to raise Rs. 240 crores through preferential issue to Danish Sustainable Development Goals Investment Fund K/S

The Board of directors of UGRO Capital Limited have approved increase in the Authorised share capital of the Company to ₹ 125,00,00,000 (Indian Rupees One Hundred Twenty Five Crores Only) divided into 10,45,00,000 (Ten Crores Forty Five Lakhs) Equity Shares of ₹ 10 (Indian Rupees Ten Only) each and 2,05,00,000 (Two Crores Five Lakhs) preference shares of ₹ 10 (Indian Rupees Ten only) each from ₹ 102,00,00,000/- (Indian Rupees One Hundred Two Crores Only) divided into 8,15,00,000 (Eight Crores Fifteen Lakhs) Equity Shares of ₹ 10 (Indian Rupees Ten Only) each and 2,05,00,000 (Two Crores Five Lakhs) preference shares of ₹ 10 (Indian Rupees Ten only) each, subject to the approval of the shareholders.

In consonance with the above, the Board approved alteration in capital clause of the Memorandum of Association of the Company, subject to the approval of the shareholders.

The Board subject to the approval of the shareholders, approved raising of funds through issue of equity shares aggregating upto Rs. 240,00,00,000/- (Rupees Two Hundred and Forty Crores) to Danish Sustainable Development Goals Investment Fund K/S, Investor on a Preferential basis ("Preferential Issue").

Shares of Ugro Capital Ltd was last trading in BSE at Rs. 160.00 as compared to the previous close of Rs. 154.80. The total number of shares traded during the day was 12234 in over 735 trades.

The stock hit an intraday high of Rs. 166.90 and intraday low of 151.75. The net turnover during the day was Rs. 1990758.00.

Source : Equity Bulls

Keywords

UgroCapital INE583D01011 NBFC FundRaising PreferentialIssue