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

UGRO Capital Limited has approved 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, aggregating to ₹100 crore. There is an option to retain oversubscription up to ₹50 crore. The debentures will be available on a private placement basis with a tenure of 18 months, maturing on July 15, 2026. A coupon rate of 9.66% per annum is proposed, with monthly interest payments. Allotment is tentatively scheduled for January 15, 2025.