Intimation of allotment of listed Commercial Papers
UGROCAP · price
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Ugro Capital Limited has allotted Commercial Papers worth Rs. 38.31 crore at a discounted price of Rs. 4,78,872 against a face value of Rs. 5 lakh per CP. The CPs have a tenure of 183 days (6 months) and will be redeemed on 9th October 2026 at Rs. 5 lakh per CP. The effective annualized yield works out to approximately 9%, which is typical for short-term commercial papers. The CPs are proposed to be listed on the stock exchanges, and Yes Bank Limited is the Issuing and Paying Agent.
This is a routine short-term borrowing exercise by Ugro Capital (a small financeNBFC) to manage liquidity. The successful listing of CPs indicates market confidence in the company's creditworthiness, with minimal direct impact on existing shareholders.