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Corporate News

Ugro Capital secures approval to allot USD 10 million bonds via private placement
09-Oct-2026, 11:36

Ugro Capital Limited announced that its Investment and Borrowing Committee approved the allotment of up to 1,000 senior, unsecured, rated, listed, United States dollar-denominated redeemable non-convertible bonds with a face value of USD 10,000 each, collectively aggregating up to USD 10,000,000, through a private placement. The bonds, proposed to be listed on India International Exchange IFSC Limited, have a tenure of 48 months from the pay-in date of September 29, 2026, and a coupon rate of 450 basis points plus Term SOFR.