Intimation of allotment of unlisted Commercial Papers
UGROCAP · price
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Ugro Capital Limited's Investment and Borrowing Committee approved the allotment of unlisted Commercial Papers (CPs) aggregating Rs. 10 crore. The CPs have a face value of Rs. 5 lakh each, issued at ~Rs. 4.85 lakh (a discount of ~2.9%), and will be redeemed at full face value on 14th September 2026, after 122 days. The total issue value received is approximately Rs. 9.71 crore. Yes Bank Limited acts as the Issuing and Paying Agent (IPA). The CPs are unlisted and this is standard short-term debt raising by the non-banking finance company (NBFC).
Commercial Papers are a routine short-term funding tool for NBFCs; the allotment does not directly impact equity holders but signals active debt management. The unlisted nature means these are placed privately, likely with institutional or high-net-worth investors.