UGRO Capital raises INR 380 Cr from FMO via 5-year NCDs
UGROCAP · price
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On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.4 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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UGRO Capital raised INR 380 crore from Dutch development bank FMO via 38,000 secured listed NCDs with a five-year tenor. FMO's third investment in three years, lifting cumulative commitment to INR 890 crore. UGRO's total development finance raised now exceeds INR 1,300 crore from 11+ global institutions. Proceeds will fund lending to women-led, youth-led and rural MSMEs and green projects.
Long-tenor capital from a repeat global investor strengthens UGRO's funding base and supports MSME growth, likely positive for investor confidence.