Ugro Capital allots Commercial Papers worth Rs 15 crore, 92-day tenor
UGROCAP · price
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Ugro Capital has allotted Commercial Papers aggregating Rs 14.67 crore (face value Rs 15 crore) on 15 June 2026, via its Investment and Borrowing Committee. Each CP has a face value of Rs 5 lakh, issued at a discount price of Rs 4,89,029.50, with a 92-day tenor maturing on 15 September 2026. Yes Bank is the Issuing and Paying Agent. Implied annualized yield is roughly 8.7%. This is a short-term money market instrument to be listed, distinct from long-term NCDs or equity.
Routine short-term borrowing for working capital. Marginal impact on stock; signals normal liability management, not a capital raise or restructuring event.