21 Jun 2025

Ugro Capital Gains After Board Approves RS. 911.40 Crore Fundraising via CCDs

Ugro Capital is currently trading at RS. 168.70, up by 1.30 points or 0.78% from its previous closing of RS. 167.40 on the BSE.

The stock opened at RS. 166.30 and has touched an intraday high of RS. 170.20 and a low of RS. 165.50. A total of 14,589 shares have been traded so far.

A BSE group 'B' stock with a face value of RS. 10, Ugro Capital hit a 52-week high of RS. 293.98 on July 1, 2024, and a 52-week low of RS. 144.10 on March 3, 2025. Over the last week, the stock has traded between RS. 183.35 and RS. 165.50. The company’s current market capitalization stands at RS. 1987.88 crore.

Promoters hold a 2.23% stake in the company, while institutional investors and non-institutions hold 29.10% and 68.67% respectively.

Ugro Capital's board, in its meeting held on June 20, 2025, approved raising RS. 911.40 crore through the issuance of 49,264,715 fully paid-up unsecured compulsorily convertible debentures (CCDs). Each CCD, having a face value of RS. 10, will be issued at a price of RS. 185 via preferential allotment, subject to shareholders’ approval.

Each CCD will convert into one equity share with a face value of RS. 10 at a conversion price of RS. 185, which includes a premium of RS. 175 per share.

Ugro Capital is a BSE-listed fintech platform specializing in lending to small businesses.