UGRO Capital’s Bold Move: ₹9,110 Million CCD Issue at ₹185/Share to Power MSME Lending Surge

UGRO Capital Ltd, a DataTech-driven NBFC specializing in MSME financing, has announced a major capital infusion plan, securing board approval to raise ₹9.11 billion (₹911 crore) through the issuance of Compulsorily Convertible Debentures (CCDs), each convertible into one equity share at ₹185. This strategic move, part of a broader ₹13.15 billion capital raise including a concurrent ₹4 billion rights issue, is set to significantly boost UGRO’s capital adequacy and fuel its ambitious expansion in India’s underserved MSME sector.

 

Key Highlights:

This landmark capital raise positions UGRO Capital for accelerated growth, deeper market penetration, and continued leadership in MSME lending.

 

Sources: Entrepreneur India, Business Standard, The Hindu Business Line