UGRO Capital (NSE:UGROCAP, BOM:511742) has received board approval to raise up to 2 billion Indian rupees including a green shoe option of 1 billion rupees, according to a Thursday filing to the Indian bourses.
The company plans to offer to the public rated, secured, listed, redeemable non-convertible debentures, which are proposed to be listed on the BSE and the National Stock Exchange of India.