Ugro Capital Limited — QIP/Rights/Pref., 02-01-2025: Issue of Securities

UGRO Capital Limited has announced the issuance of up to 1,00,000 senior, secured, rated, listed, redeemable, taxable, non-convertible debentures, each with a face value of ₹10,000, totaling up to ₹100 crore. There is an option to retain oversubscription up to ₹50 crore. The private placement aims for listing on BSE and has a tenure of 18 months, with a tentative allotment date of January 15, 2025, and maturity on July 15, 2026. The coupon rate is set at 9.66% per annum, payable monthly, with first-ranking security over the outstanding amount.