Ugro Capital board oks fund elevating thru preferential issue

Ugro Capital board oks fund elevating thru preferential issue

by admin- Tuesday, April 11th, 2023 04:27:35 PM

 

Ugro Capital board of administrators approved a preferential allotment of Rs. 240 Cr to IFU (Investeringsfonden for Udviklingslande) via its Danish
Sustainable Development Goals Investment Fund K/S. The fairness fund enhance is subject to commonplace closing conditions, which include regulatory and shareholder approvals.

Adding further Ugro Capital is simultaneously raising up to Rs. 101 Cr from long time shareholders like coverage groups, AIF, and different economic institutions via a Qualified Institutions Placement (QIP) of as much as Rs. One hundred and one Cr.

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