Intimation of Allotment of Commercial Papers
UGROCAP · price
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Ugro Capital Limited's Investment and Borrowing Committee approved the allotment of Commercial Papers (CPs) on 7th May 2026. The CPs have a face value of Rs. 5,00,000 each, issued at Rs. 4,78,751.50, representing a discount of ~4.4%. The total issue value is approximately Rs. 22.02 crore, with a redemption value of Rs. 23 crore. The CPs have a tenure of 180 days, maturing on 3rd November 2026, and will be listed on the stock exchanges. Yes Bank Limited acts as the Issuing and Paying Agent (IPA).
This is routine short-term debt raising by the NBFC and does not directly impact equity. The issuance at a discount reflects prevailing money market rates and is standard practice for commercial paper programs.