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Ugro Capital shines on inking loan co-origination partnership with SBI

Ugro Capital is currently trading at Rs. 187.00, up by 10.50 points or 5.95% from its previous closing of Rs. 176.50 on the BSE.

The scrip opened at Rs. 187.00 and has touched a high and low of Rs. 187.00 and Rs. 180.00 respectively.

The BSE group ‘X’ stock of face value Rs. 10 has touched a 52 week high of Rs. 234.00 on 01-Jul-2019 and a 52 week low of Rs. 140.00 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 187.00 and Rs. 161.10 respectively. The current market cap of the company is Rs. 1004.24 crore.

The promoters holding in the company stood at 5.31%, while Institutions and Non-Institutions held 17.17% and 77.52% respectively.

Ugro Capital has entered into a loan co-origination partnership with State Bank of India (SBI). The collaboration will work towards offering credit at a competitive rate of interest with a reduced turn-around time by using Ugro Capital’s indigenously developed co-lending technology platform ‘GRO- Xstream’.

‘GRO-Xstream’ empowers banks and other large financial institutions to reach out to deepen their distribution reach and service small businesses across India. Smaller NBFCs can also opt for co-lending partnership with Ugro Capital leveraging Ugro Capital’s proprietary analytical tool.

Ugro Capital is engaged in providing financial services. The company is registered as a category I merchant banker with Securities and Exchange Board of India (SEBI) and is involved in the activities related to investment, trading and arbitrage in shares and securities.

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