Non-banking financial company UGRO Capital (NSE:UGROCAP, BOM:511742) has raised 500 million Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Monday filing to the Indian stock exchanges.
The company's board allotted 5,000 unsecured, rated, subordinated, listed, taxable, redeemable, non-convertible debentures denominated in Indian rupees having a face value of 100,000 each.
The debentures carry a coupon rate of 11.65% per annum, payable monthly, and are scheduled to mature on May 17, 2031. They are proposed to be listed on the BSE.