UGRO Capital Limited has announced the approval of a public issuance of secured, rated, listed, and redeemable non-convertible debentures (NCDs) worth up to ₹200 crore. This issuance includes a green shoe option of ₹100 crore, allowing for oversubscription. The debentures will be listed on both the BSE and NSE, offering interest rates ranging from 10.15% to 10.40% per annum, with tenures between 18 to 30 months.
The Investment and Borrowing Committee of UGRO Capital’s Board of Directors approved the issuance on September 24, 2024. The draft prospectus for the issuance will be filed with the stock exchanges and forwarded to SEBI for further processing.
As of 3:17 PM, UGRO Capital’s shares were trading slightly lower at ₹264.10 on the NSE, down by 0.098%.
