The company will issue of upto 2,500 senior, secured, rated, listed, redeemable, transferable NCDs having face value of Rs 1 lakh each aggregating upto Rs 25 crore in dematerialised form. The tentative date of allotment is 6 June 2023. The instruments have tenure of 18 months and interest rate of 10.25% per annum.
The company said that these debentures are proposed to be listed on Bombay Stock Exchange (BSE).
Further, the company's board approved issuance of upto 27,000 senior, secured, rated, unlisted, redeemable, transferable NCDs having face value of Rs 1 lakh each aggregating upto Rs 270 crore in dematerialised form. The instruments have tenure of 4 years and interest rate at 10.58% per annum.
Ugro Capital is an MSME lending fintech platform. It uses the emerging data tripod of GST, banking and bureau coupled with its sectoral analysis to solve the problem of credit for small businesses.
The company net profit soared 130.5% to Rs 14.04 crore on 92.4% jump in total income to Rs 217.16 crore in Q4 FY23 over Q4 FY22.
Shares of Ugro Capital declined 0.89% to end at Rs 229.40 on the BSE.
Powered by Capital Market - Live News