Intimation of Newspaper Advertisement regarding Rights issue of the Company
UGROCAP · price
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Ugro Capital Limited has published newspaper advertisements in Jansatta (Hindi), Financial Express (English), and Nav Shakti (Marathi) on June 10, 2025, as required under SEBI ICDR Regulations. This is to inform eligible shareholders about its ongoing Rights Issue of equity shares for an aggregate amount not exceeding ₹40,000 lakh (₹400 crore), at ₹152 per share, in the ratio of 50 Rights Equity Shares for every 189 fully paid-up shares held as on the record date of June 5, 2025. The issue opened on June 13, 2025, and closes on June 20, 2025, with last dates for on-market renunciation on June 18, 2025, and off-market transfer on June 23, 2025. The advertisement also discloses commitments from specific investors totaling 1,53,08,636 shares (₹24,800 lakhs), with Danish Sustainable Development Goals Investment Fund KS being the largest contributor at ₹15,000 lakhs.
The rights issue of up to ₹400 crore will dilute existing shareholders but strengthen the company's capital base for lending growth. Shareholders as on the record date are eligible to subscribe at ₹152 per share, and the disclosure of pre-anchored commitments covering about ₹248 crore of the issue signals strong investor confidence.