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Ugro Capital shines on raising Rs 50 crore via NCDs

Ugro Capital is currently trading at Rs. 185.00, up by 9.95 points or 5.68% from its previous closing of Rs. 175.05 on the BSE.

The scrip opened at Rs. 184.90 and has touched a high and low of Rs. 185.00 and Rs. 175.00 respectively. So far 636 shares were traded on the counter.

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. 185.00 and Rs. 175.00 respectively. The current market cap of the company is Rs. 1052.60 crore.

The promoters holding in the company stood at 12.94%, while Institutions and Non-Institutions held 35.83% and 51.23% respectively.

Ugro Capital has raised Rs 50 crore on a Private Placement basis. The Investment & Borrowing Committee of the company has approved the allotment of 500 Secured Redeemable Non-Convertibles Debentures (NCDs) of the face value of Rs 10,00,000 each aggregating to Rs 50 crore on a Private Placement basis.

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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