UGRO Capital shares jumped more than 2% after the firm received a USD 40 million (Rs 3300 million) loan from the US International Development Finance Corporation (DFC) to expand lending to Indian MSMEs, with a particular focus on women-owned businesses and new-to-credit borrowers.
This is UGRO’s third impact agreement within a year, after similar investments from ADB and FMO. The funding will support UGRO’s lending efforts and advance India’s financial inclusion.
As of 12:48 pm, UGRO Capital shares were trading 2.48% higher at Rs 262.45 on the NSE.
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