Press Release18 Jun 2024, 06:02 pm
UGRO Capital Raises INR 1,265 Crores, Demonstrating Strong Investor Confidence
AI Summary
UGRO Capital Limited, a leading DataTech NBFC focused on MSME lending, has successfully completed its equity capital raise of INR 1,265 Crore. The company allotted Compulsory Convertible Debentures (CCD) worth INR 258 crores and warrants worth INR 1,007 crores. This capital raise marks the third for UGRO Capital and is a testament to the strong investor confidence in the company. UGRO's founder, board members, and management team also subscribed to the Warrants issue.
Key Highlights
- UGRO Capital raises INR 1,265 Crore, demonstrating strong investor confidence.
- The company allotted CCDs worth INR 258 crores and warrants worth INR 1,007 crores.
- Existing private equity investor Samena Capital committed INR 500 Crores through Warrants.
- Other significant commitments came from institutional investors such as Aregence and several of India’s marquee family offices.
- UGRO's founder, board members, and management team also subscribed to the Warrants issue.