UGRO Capital raises ₹534.64 crores through preferential allotment
UGRO Capital Limited has completed a preferential allotment of Compulsorily Convertible Debentures (CCDs), raising ₹534.64 crores. The company allotted 28,899,481 CCDs at an issue price of ₹185 per CCD to 77 eligible non-promoter allottees. This capital raise, approved by shareholders on July 20, 2025, is a crucial step in strengthening the company’s financial position.
This follows previous capital raises, including a rights issue that garnered ₹380 crores and additional tier 2 capital of ₹250 crores, with plans to raise a further ₹150 crores in the current quarter. The total capital raised enhances the company's capital adequacy, which stands at approximately 29%, providing substantial headroom for planned growth.
The proceeds from these capital raises, along with internal accruals, will be utilized to fund the acquisition of Profectus Capital (NBFC) in October 2025, for which RBI approval was received on September 17, 2025. Samena Capital, an existing large shareholder, participated with an investment of ₹241.24 crores, remaining the largest shareholder post these funding rounds.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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