UGRO Capital Limited has approved the issuance of non-convertible debentures (NCDs) worth up to ₹1 billion. The debt instrument, to be issued via private placement in multiple series, aims to strengthen the company’s liquidity and fund expansion in the MSME lending segment.
UGRO Capital Limited , a leading MSME-focused NBFC lending platform, has received approval from its Investment and Borrowing Committee to raise up to ₹1 billion through the issuance of non-convertible debentures (NCDs). The company plans to conduct the issuance via private placement in three series, offering tenures ranging from 15 to 42 months, with attractive coupon rates between 9.50% and 9.99% per annum.
The NCDs will be secured by hypothecation of loan receivables and listed on BSE Limited, ensuring transparency and liquidity for investors. The proceeds are expected to diversify UGRO’s borrowing mix, strengthen its capital base, and support further growth in digital lending and MSME financing.
UGRO Capital continues its strategic focus on expanding its market reach and enhancing lending infrastructure through continuous infusion of capital and investor confidence. The move is poised to support the company’s long-term sustainable growth trajectory.
Key Highlights
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Approved NCD issuance up to ₹1 billion via private placement in three series with tenures of 15, 24, and 42 months.
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Coupon rates between 9.50% and 9.99% annualized, secured by hypothecation over loan receivables.
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NCDs to be listed on BSE Limited, enhancing transparency and tradability.
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Capital raised to be used for MSME lending expansion and liquidity management.
Part of UGRO Capital’s broader fundraising and growth strategy in the emerging financial services market.
Sources: NSE India disclosures, ScanX Market News.