Ugro Capital Limited has informed the Exchange regarding allotment of NCDs through subordinated debt in the form of Tier-II capital.
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Ugro Capital Limited has allotted Non-Convertible Debentures (NCDs) structured as subordinated debt qualifying as Tier-II capital. This is a debt instrument, not equity, and is being raised to bolster the company's regulatory capital base. As an NBFC, Tier-II capital forms an important part of its overall capital adequacy requirements. The exact amount raised, number of NCDs issued, coupon rate, and tenors are not mentioned in the headline and would need to be verified from the detailed filing.
Strengthens the company's capital adequacy position but increases its debt burden and interest obligations. No equity dilution for existing shareholders, though higher leverage could pressure margins if the cost of borrowing is elevated.