Business Update17 Jan 2024, 11:59 pm
Ugro Capital Ltd to issue INR 50 crore debentures on private placement basis
AI Summary
The Investment and Borrowing Committee of Ugro Capital Ltd has approved the issuance of upto 5,000 listed, rated, senior, unsecured, taxable, redeemable, non-convertible debentures of INR 1,00,000 each aggregating INR 50,00,00,000 on a private placement basis. The tenure of the instrument is 26 months and 25 days, and the coupon rate is 10.25% per annum. The debentures are unsecured and will be listed on BSE Limited.,
Key Highlights
- Private placement of INR 50 crore debentures
- Listed, rated, senior, unsecured, taxable, redeemable, non-convertible debentures
- Tenure of 26 months and 25 days
- Coupon rate of 10.25% per annum
- Unsecured debentures to be listed on BSE Limited