UGRO Capital Launches ₹400-Crore Rights Issue at ₹162 per Share

UGRO Capital, a financial company, is selling new shares to raise money.

They plan to get up to ₹400 crore by selling shares at ₹162 each.

This is happening after they decided to sell other kinds of bonds for ₹915 crore.

Existing shareholders can buy these new shares to keep their ownership in the company.

The money raised will help the company grow and provide loans to small businesses.

The company's assets have grown significantly in the past year.

The company has already received commitments for a large portion of the money they aim to raise.