Intimation of allotment of unlisted Commercial Papers
UGROCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ugro Capital Limited's Investment and Borrowing Committee approved the allotment of unlisted Commercial Papers worth Rs. 10 crore on 15 May 2026. Each CP has a face value of Rs. 5 lakh issued at ~Rs. 4.85 lakh, implying an implied yield of approximately 6% for a 122-day tenure. The CPs will be redeemed on 14 September 2026 at face value of Rs. 10 crore. Yes Bank Limited acts as the Issuing and Paying Agent (IPA). The document does not disclose the purpose of the funds raised.
This is a routine short-term borrowing exercise through unlisted CPs. While it raises Rs. 10 crore at a relatively low cost (~6% annualized), the unlisted nature means limited market transparency. No immediate share price impact is expected.