UGRO Capital Raises INR500 Million Through Debenture Allotment
MT Newswires Live
Sep 25
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 Thursday filing to the Indian stock exchanges.
The company allotted 5,000 unsecured, rated, subordinated, listed, taxable, redeemable, non-convertible debentures denominated in Indian rupees of face value of 100,000 rupees each.
The debentures carry a coupon rate of 11.65% per annum and are scheduled to mature on March 25, 2031. They are proposed to be listed on the BSE.
The company's shares were down over 1% in recent trade.
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