Intimation of allotment of unlisted Commercial Papers
UGROCAP · price
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Ugro Capital has allotted unlisted Commercial Papers (CPs) aggregating Rs. 25 Crores, with an issue value of about Rs. 24.92 Crores. The CPs carry a face value of Rs. 5,00,000 each, issued at a slight discount of Rs. 4,98,438 per unit. The tenure is very short at 13 days, maturing on 6th April 2026. Yes Bank acted as the Issuing and Paying Agent. The allotment was approved by the Investment and Borrowing Committee of the Board on 24th March 2026.
This is a routine short-term borrowing by the NBFC to manage its funding needs. The 13-day maturity indicates short-term liquidity management rather than long-term capital raising, so no meaningful impact on shareholders is expected.