Ugro Capital rises on planning to raise funds through NCDs

Ugro Capital is currently trading at Rs. 174.20, up by 2.10 points or 1.22% from its previous closing of Rs. 172.10 on the BSE.

ugro capital to co originate sme loans with bank of baroda
ugro capital to co originate sme loans with bank of baroda

The scrip opened at Rs. 177.00 and has touched a high and low of Rs. 177.00 and Rs. 173.40 respectively. So far 92 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 229.00 on 17-Jan-2022 and a 52 week low of Rs. 105.00 on 10-Aug-2021.

Last one week high and low of the scrip stood at Rs. 178.40 and Rs. 167.45 respectively. The current market cap of the company is Rs. 1214.33 crore.

The promoters holding in the company stood at 2.87%, while Institutions and Non-Institutions held 9.79% and 87.34% respectively.

Ugro Capital is planning to raise funds by way of issuance of Non-Convertible Debentures (NCDs) on private placement basis. The meeting of the Investment and Borrowing Committee of the Board of Directors is scheduled to be held on August 12, 2022, inter alia, to consider and approve the same.

Ugro Capital is engaged in providing financial services.

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