UGRO Capital (NSE:UGROCAP, BOM:511742) has received board nod to raise up to 500 million Indian rupees through the allotment of non-convertible debentures on a private placement basis on Friday, according to a same-day filing to the Indian stock exchanges.
The company will allot 50,000 senior, secured, rated, listed, redeemable, taxable, non-convertible debentures denominated in Indian Rupees each having face value of 10,000 rupees.
The debentures will carry a coupon rate of 10.02% per annum and are scheduled to mature on Aug. 7. 2026.
Shares of the company were down over 1% in recent trade.
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