Ugro Capital Limited — QIP/Rights/Pref., 20-12-2024: Allotment of Securities

UGRO Capital Limited has approved the allotment of Commercial Papers (CPs) with a total issue value of ₹28.65 crore (cr). Each CP has a face value of ₹5 lakh and was issued at a price of ₹4.77 lakh per security. The CPs have a tenure of 180 days and are set to redeem at ₹30 crore on June 18, 2025. The allotment was managed by Yes Bank Limited, Mumbai. This move is expected to enhance liquidity and support the company's short-term financing needs.