Ugro Capital Limited has informed the Exchange regarding allotment of equity shares pursuant to Rights Issue
UGROCAP · price
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Ugro Capital has completed its ₹400 crore Rights Issue, allotting 2,35,01,363 equity shares (face value Rs. 10) at Rs. 162 per share, which includes a premium of Rs. 152 per share. The issue opened on June 13, 2025 and closed on June 23, 2025, with allotment approved on June 24, 2025. As a result, the company's paid-up equity share capital has risen from 9,31,83,594 shares to 11,66,84,957 shares, an increase of roughly 25%. The funds raised will strengthen the company's capital base to support its lending business.
Existing shareholders who did not subscribe to the rights issue will see their stake diluted by about 20%. For subscribers, the additional capital deployment is locked in at Rs. 162 per share, with future returns depending on how effectively the company uses the funds for growth.