UGRO Capital (NSE:UGROCAP, BOM:511742) received board approval to raise up to 2.6 billion Indian rupees through the allotment of non-convertible debentures on private placement basis, according to a Thursday filing to the Indian stock exchanges.
The company will allot 26,000 senior, secured, rated, listed, redeemable, transferable, non-convertible debentures, each having a face value of 100,000 rupees.
The debentures will be allotted on Feb. 20 with a coupon rate of 10.28% per annum that will mature on Feb. 20, 2029. It is proposed that they be listed on the Indian stock exchange BSE.
Shares of the company were up over 1% in recent trade.
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