Ugro Capital Limited has informed the Exchange regarding allotment of Commercial Paper
UGROCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ugro Capital has allotted 200 Commercial Papers (CPs) on 22nd May 2025 with a total issue value of about ₹9.78 crore and a redemption value of ₹10 crore. Each CP has a face value of ₹5,00,000 and was issued at a slight discount at ₹4,89,145. The papers have a 90-day tenure and will be redeemed on 20th August 2025. Yes Bank is acting as the Issuing and Paying Agent (IPA), and the CPs are proposed to be listed.
This is routine short-term borrowing for the NBFC to manage its funding requirements. The implied annualized yield is around 9%, reflecting current short-term borrowing costs. No material impact on shareholders or stock price is expected from this routine CP issuance.