UGRO Capital (NSE:UGROCAP, BOM:511742) has raised 1 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Thursday filing to the Indian stock exchanges.
The company allotted 10,000 unsecured, rated, subordinated, listed, taxable, redeemable, non-convertible debentures denominated in Indian rupees of face value of 100,000 rupees each, the filing said.
The debentures carry a coupon rate of 11.65% per annum and are scheduled to mature on May 6, 2031, it added.