Ugro Capital gains on getting approval to raise up to Rs 50 crore
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Ugro Capital is currently trading at Rs. 185.05, up by 1.10 points or 0.60% from its previous closing of Rs. 183.95 on the BSE.
The scrip opened at Rs. 180.80 and has touched a high and low of Rs. 186.30 and Rs. 180.80 respectively. So far 414 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 229.00 on 17-Jan-2022 and a 52 week low of Rs. 112.95 on 26-Aug-2021.
Last one week high and low of the scrip stood at Rs. 188.50 and Rs. 175.95 respectively. The current market cap of the company is Rs. 1312.40 crore.
The promoters holding in the company stood at 2.87%, while Institutions and Non-Institutions held 9.79% and 87.34% respectively.
Ugro Capital has received an approval for an issue of 50,000 Rated Unsubordinated Unlisted Secured Transferable Redeemable Non-convertible debentures (Debentures) each bearing a face value of Rs 10,000 aggregating up to Rs 50 crore for cash, at par, 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 26, 2022 has approved the same.
Ugro Capital is engaged in providing financial services.
