Intimation of allotment of listed Commercial Papers
UGROCAP · price
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Ugro Capital Ltd's Investment and Borrowing Committee approved the allotment of Commercial Papers on 7th May 2026. The CPs have a face value of Rs. 5,00,000 each, issued at a discount price of Rs. 4,78,751.50. The total issue value is approximately Rs. 22.02 crore with a redemption value of Rs. 23 crore. The CPs carry a tenure of 180 days, maturing on 3rd November 2026. The securities are proposed to be listed and Axis Bank Limited acts as the Issuing and Paying Agent (IPA).
The company is raising short-term borrowing of Rs. 22 crore through commercial papers at a discount, which is a standard short-term debt instrument for NBFCs. This does not directly impact equity shareholders but reflects the company's ongoing debt management strategy.