UGRO Capital gains on getting nod to raise funds through NCDs
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Ugro Capital is currently trading at Rs. 303.10, up by 2.90 points or 0.97% from its previous closing of Rs. 300.20 on the BSE.
The scrip opened at Rs. 307.00 and has touched a high and low of Rs. 307.00 and Rs. 300.90 respectively. So far 3111 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 319.85 on 22-Aug-2023 and a 52 week low of Rs. 136.00 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 316.45 and Rs. 299.00 respectively. The current market cap of the company is Rs. 2810.41 crore.
The promoters holding in the company stood at 2.19%, while Institutions and Non-Institutions held 27.45% and 70.36% respectively.
UGRO Capital has received an approval for Issuance of upto 5000 Senior, Secured, Rated, Listed, Redeemable, Taxable, Non-Convertible Debentures denominated in Indian Rupees, each having face value of Rs 1 lakh aggregating upto Rs 50 crore along with a green shoe option of upto 5000 Senior, Secured, Rated, Listed, Redeemable, Taxable, Non-Convertible Debentures denominated in Indian Rupees, each having face value of Rs 1 lakh aggregating upto Rs 50 crore (NCDs) in dematerialised form, on a private placement basis.
The Board has also approved Issuance of upto 2800 Senior, Secured, Rated, Unlisted, Redeemable, Transferable Non-Convertible Debentures denominated in Indian Rupees, each having face value of Rs 1 lakh aggregating upto Rs 28 crore (NCDs) in dematerialised form, on a private placement basis. The Investment and Borrowing Committee of the Board of Directors of the Company (Committee) at its meeting held on August 29, 2023 has approved the same.
UGRO Capital is a BSE listed, small business lending fintech platform.
