UGRO Capital (NSE:UGROCAP, BOM:511742) said its board has approved the issuance of up to 75,000 secured, listed non-convertible debentures (NCD) worth 750 million Indian rupees, with an option to retain oversubscription of an additional 750 million rupees, according to a Monday filing.
The debentures, priced at 10,000 rupees each, will be issued on a private placement basis, the filing said.
The NCDs carry a 9.99% annual coupon and have a tentative maturity date of June 10, 2029, it said.