Ugro Capital Limited — QIP/Rights/Pref., 10-02-2025: Issue of Securities

UGRO Capital has announced a board meeting on 10th February 2025, during which the Investment and Borrowing Committee approved the issuance of up to 26,500 senior, secured, listed, rated, redeemable, taxable, non-convertible debentures. The total value of the issue is up to ₹265 Crores, with each debenture having a face value of ₹1 Lakh. These instruments will have a tentative tenure of 48 months and a coupon rate of 10.28% per annum, payable semi-annually, with planned partial redemptions over the tenure. The funds raised will be utilized as per the company's financial strategies.