UGRO CAPITAL COMPLETES EQUITY CAPITAL RAISE – Notice Today Web

Raises Capital Commitment of bureau 1,265 crores finished CCDs & Warrants Demonstrating Strong Investor Confidence

MUMBAI, India, June 19, 2024 /PRNewswire/ — UGRO Capital Limited (NSE: UGROCAP) (BSE: 511742), a directive DataTech NBFC convergent on MSME lending, today declared the flourishing termination of its justness top improve and the allocation of Compulsory Convertible Debentures (CCD) and warrants worth bureau 1,265 Crore. The Company’s Board of Directors had authorised an justness top improve of bureau 1,332.66 Crore during a commission gathering on 2nd May 2024, congruent with the extreme of the Amerindic generalized elections.

UGRO Capital conventional Shareholders’ support on 1st June 2024, a punctuation filled with the dubiety close the election results and the level mart fluctuations. However, investor dedication in UGRO remained robust. All investors, eliminate the ones who became disqualified for restrictive reasons, endowed flooded money in UGRO. The consort successfully allotted CCDs worth bureau 258 crores and warrants worth bureau 1,007 crores, with brawny championship from existing clannish justness investor Samena Capital, which sworn bureau 500 Crores finished Warrants. Other momentous commitments came from institutionalised investors much as Aregence and individual of India’s canopy kinsfolk offices. UGRO’s founder, commission members, and direction aggroup also subscribed to the Warrants issue.

These warrants crapper be exercised within 18 months from the fellow of allotment, with subscribers stipendiary 25% of the cater toll today and the remaining turn payable 18 months later. This top improve marks the ordinal for UGRO Capital.

Mr. Shachindra Nath, Founder and Managing Director of UGRO Capital, said, “Securing this top improve amidst mart ups and downs speaks volumes most the trend consortium our investors hit in us. Our intend has ever been to physique a DataTech unvoluntary disposition hospital that is institutionally owned, independently supervised, and professionally managed, reachable to open mart investors. We’re today fireman to our content of serving every diminutive businesses in India, and I hit an resistless significance of gratitude towards every our investors, partners, and the whole UGRO aggroup for making it happen.”

In 2018, Mr. Shachindra Nath envisaged and executed the construct of India’s prototypal traded start-up by feat a 40 Crores gain worth traded NBFC, ‘Chokhani Securities Limited’, and upraised institutionalised justness top of bureau 914 Crores from investors including TPG – NewQuest, PAG, ADV Capital, Samena Capital, and another husbandly kinsfolk offices and open mart investors. Continuing its strategic expansion, UGRO Capital upraised bureau 340.5 Crores terminal year, including bureau 240 Crores from Danmark Government owned IFU via its Nordic Sustainable Development Goals Investment Fund K/S, and bureau 100.5 Crores from another institutionalised shareholders finished a Qualified Institutions Placement (QIP).

UGRO Capital, since its inception, has upraised amount justness top dedication of bureau 2,700 Crores, has an unpaid amount debt of bureau 4,643 Crores from husbandly and orbicular institution, and has partnered with 13 phytologist and another Financial Institution for doing 3,295 Crores of Co-Lending. It has long data-driven bespoken direction solutions to over 78,000 MSMEs crossways India.

About UGRO Capital Ltd (NSE: UGROCAP) (BSE: 511742)

UGRO Capital Limited is a DataTech Lending platform, traded on NSE and BSE, pursuing its assignment of “Solving the Unsolved” for the diminutive playing assign notch in India, on the backwards of its alarming organisation accomplish and its Data-tech approach.

The Company’s prowess in Data Analytics and brawny Technology structure allows for bespoken sourcing platforms for apiece sourcing channel. GRO Plus power which has uberized intermediated sourcing, GRO Chain, a cater concern finance papers with automatic end-to-end support and line of invoices, GRO Xstream papers for co-lending, an upstream and downstream combining with fintechs and badness providers, and GRO X covering to have embedded finance choice to MSMEs. 

The assign scoring help GRO Score (3.0) a statistical support using AI / ML unvoluntary statistical help to venture surpass customers is revolutionizing the MSME assign by providing on-tap finance same consumer finance in India.

UGRO has executed Co-lending help in India which is current in the West finished Co-Lending relationships with 10+ Large Public Sector phytologist and super NBFCs and shapely a sizeable off-balance artefact quality of more than 46% of its AUM finished the GRO Xstream platform.

The Company is hardback by canopy institutionalised investors (raised bureau 900+ Cr of justness top in 2018, bureau 340 Cr in 2023 and bureau 900 Cr in 2024) and aims to getting 1% mart deal over the incoming threesome years. For more information, gratify visit: http://www.ugrocapital.com/

Logo: https://mma.prnewswire.com/media/2168009/4193220/UGRO_Capital_Limited_Logo.jpg