Ugro Capital Allots ₹380 Crore in Non-Convertible Debentures
Ugro Capital Limited has allotted 38,000 Non-Convertible Debentures aggregating ₹380 crore. The debentures have a face value of ₹1,00,000 each and a tenure of five years. They carry an interest rate of 10.20% per annum, payable semi-annually, and will be listed on BSE.
The fundraising of ₹380 crore through debt issuance can support the company's growth and operations, impacting its financial leverage and liquidity. The details of the debentures, including the interest rate and security, are material for investors.
The company successfully raised ₹380 crore through the issuance of Non-Convertible Debentures, which is a positive development for its fundraising activities and financial flexibility.
Ugro Capital Limited has announced the successful allotment of 38,000 senior, secured, rated, listed, redeemable, and transferable non-convertible debentures (NCDs). These NCDs have a face value of ₹1,00,000 each, aggregating to a total nominal value of ₹380 crore. The allotment was approved today, August 28, 2026, by the Investment and Borrowing Committee of the Board of Directors through a private placement.
The NCDs carry a coupon rate of 10.20% per annum, payable semi-annually. The principal amount will be repaid in five equal installments on August 28, 2029, February 28, 2030, August 28, 2030, February 28, 2031, and August 28, 2031. The debentures are secured by a first-ranking exclusive charge on identified assets and receivables, with a security cover of at least 1.1 times the outstanding principal and accrued interest.
The NCDs are proposed to be listed on the Wholesale Debt Market segment of BSE Limited. The company has also stated that the information is available on its website, www.ugrocapital.com.
A plain-language summary of a public exchange filing by Ugro Capital Limited. Read the original for the full detail.