UGRO Capital (NSE:UGROCAP, BOM:511742) has raised 450 million Indian rupees through the allotment of non-convertible debentures (NCDs) on a private placement basis, according to a Wednesday filing to the Indian bourses.
The company allotted 45,000 listed, rated, senior, secured, transferable, redeemable NCDs denominated in Indian Rupees, each having a face value of 10,000 rupees.
The debentures carry a coupon rate of 9.50% per annum, payable monthly, and are scheduled to mature on April 18, 2027.
They are proposed to be listed on the BSE.
The company's shares surged 13% at close of trade
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