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UGRO Capital Limited announces its capital raise of Rs 1,332.66 cr from existing and new institutional investors & marquee family offices

May 03, 2024

Mumbai (Maharashtra) [India], May 3: UGRO Capital Limited (NSE: UGROCAP) (BSE: 511742), a leading DataTech NBFC focused on MSME lending, today announced that its Board of Directors have approved an equity capital raise of INR 1,332.66 Cr through Compulsory Convertible Debentures (CCD) and Warrants. The equity fundraise is subject to shareholder approval.

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S.Subramanyeswar (Subbu), Group CEO - India & Chief Strategy Officer - APAC of MullenLowe Group

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