UGRO Capital rises on getting nod to raise Rs 200 crore via NCDs
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Ugro Capital is currently trading at Rs. 269.25, up by 0.70 points or 0.26% from its previous closing of Rs. 268.55 on the BSE.
The scrip opened at Rs. 269.50 and has touched a high and low of Rs. 271.30 and Rs. 265.00 respectively. So far 8082 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. 144.00 on 31-Mar-2023.
Last one week high and low of the scrip stood at Rs. 276.05 and Rs. 265.00 respectively. The current market cap of the company is Rs. 2482.60 crore.
The promoters holding in the company stood at 2.24%,while Institutions and Non-Institutions held 25.02% and 72.74% respectively.
UGRO Capital has received approval for the issuance of rated, secured, listed, redeemable, non-convertible debentures (NCDs) for amount of Rs 100 crore (base issue size) with an option to retain oversubscription up to Rs 100 crore (green shoe option), cumulatively aggregating up to Rs 200 crore (overall issue size). The Investment and Borrowing Committee of the Board of Directors of the Company (Committee) at its meeting held on December 29, 2023 has, inter alia, approved the same.
UGRO Capital is a BSE listed, small business lending fintech platform.
