UGRO Capital (NSE:UGROCAP, BOM:511742) has raised 450 million Indian rupees through the allotment of non-convertible debentures (NCDs) on a private placement basis, according to a Wednesday filing to the Indian bourses.
The company allotted 45,000 listed, rated, senior, secured, transferable, redeemable NCDs denominated in Indian Rupees, each having a face value of 10,000 rupees.
The debentures carry a coupon rate of 9.50% per annum, payable monthly, and are scheduled to mature on April 18, 2027.
They are proposed to be listed on the BSE.
The company's shares surged 13% at close of trade
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.