Intimation of Allotment of listed Commercial Papers
UGROCAP · price
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Ugro Capital has allotted Commercial Papers (CPs) with a total face value of Rs. 10 crore on November 4, 2025, through its Investment and Borrowing Committee. The CPs carry a face value of Rs. 5,00,000 each, issued at a price of Rs. 4,78,525.50, implying they were allotted at a discount. The tenure is 182 days, maturing on May 5, 2026, with a redemption value of Rs. 10 crore. Yes Bank is acting as the Issuing and Paying Agent, and the CPs are proposed to be listed on the stock exchange. The implied annualized yield on the CPs is approximately 9%.
This is a routine short-term borrowing by the NBFC to manage its funding needs. It does not dilute equity or materially impact shareholders, though it adds to the company's short-term debt obligations.