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01-01-1970 12:00 AM | Source: Accord Fintech
Ugro Capital shines on getting nod to raise Rs 50 crore on private placement basis
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Ugro Capital is currently trading at Rs. 152.85, up by 3.50 points or 2.34% from its previous closing of Rs. 149.35 on the BSE.

The scrip opened at Rs. 154.90 and has touched a high and low of Rs. 159.00 and Rs. 149.35 respectively. So far 660 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. 85.30 on 18-May-2021.

Last one week high and low of the scrip stood at Rs. 161.80 and Rs. 140.50 respectively. The current market cap of the company is Rs. 1078.50 crore.

The promoters holding in the company stood at 2.87%, while Institutions and Non-Institutions held 9.18% and 87.95% respectively.

Ugro Capital has received an approval for issuance of 300 senior, secured, rated, listed, taxable principal protected market linked (PP-MLD) redeemable non-convertible debentures denominated in Indian Rupees, each having a face value of Rs 10,00,000 aggregating to Rs 30 crore with a green shoe option of up to 200 senior, secured, rated, listed, taxable principal protected market linked (PP-MLD) redeemable non-convertible debentures denominated in Indian Rupees, each having a face value of Rs 10,00,000 aggregating to Rs 20 crore (Debentures or NCDs) on a private placement basis. The Investment and Borrowing Committee of the Board of Directors of the Company at its meeting held on May 17, 2022 has, inter alia, approved the same.

Ugro Capital is engaged in providing financial services.