The Company's Board of Directors had approved an equity capital raise of INR 1,332.66 Crore during a board meeting on 2nd May 2024, coinciding with the peak of the Indian general elections.
UGRO Capital received Shareholders' approval on 1st June 2024, a period filled with the uncertainty surrounding the election results and the resultant market fluctuations. However, investor commitment in UGRO remained robust. All investors, except the ones who became ineligible for regulatory reasons, invested full money in UGRO. The company successfully allotted CCDs worth INR 258 crores and warrants worth INR 1,007 crores, with strong backing from existing private equity investor Samena Capital, which committed INR 500 Crores through Warrants. Other significant commitments came from institutional investors such as Aregence and several of India's marquee family offices. UGRO'S founder, board members, and management team also subscribed to the Warrants issue.
Bu hikaye The Business Guardian dergisinin June 20, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Business Guardian dergisinin June 20, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
India's Data Being Exploited By Global Giants, Says Ola's Bhavish Aggarwal
In “techno-colonialism” data is exported to global centers, processed, and then repurposed and sold back to India.
China Grapples With Economic Headwinds Due To Aging Population
China’s shrinking population poses significant challenges for its economy, including a reduced labor force and pressure on fiscal policy.
DELHI RECORDS YEAR'S LOWEST AQI
The AQI was recorded in the satisfactory” category with a reading of 56 at 6 pm
Air India welcomes first narrow body aircraft in Delhi
Tata Group-owned Air India welcomed its first narrow-body aircraft in new livery.
73% Indians read ingredient lists and nutritional value of snacks, says Report
As many as 73 per cent Indians prefer to read ingredient lists and nutritional value before purchasing any snack, reveals a new survey, highlighting the majority of Indians’ growing inclination towards healthy snacking.
Govt to construct 4.5 km long drain between Najafgarh, Mundka Haat
The Delhi government will construct a 4.5 km long drain between Najafgarh Supplementary Drain and Mundka Haat Railway Station to solve the waterlogging problem in Kirari, an official statement said.
HC to hear Kejriwal's Tihar plea today
The trial court noted that counsel for the applicant, Kejriwal, also submitted during arguments that, after filing this application, the applicant has been arrested in one more case by CBI.
COURT IN MERCEDES HIT-AND-RUN CASE TAUGHT A LESSON TO THE RICH BOY: THE FATHER WHO GAVE MERCEDES TO A MINOR WAS FINED SO HEAVILY BY THE COURT THAT HIS GENERATIONS WILL REMEMBER IT
The MACT court judge Dr. Pankaj Sharma made it clear in the Civil Lines Mercedes hit and run case of Delhi that the father cannot escape his responsibility just by saying that he was unaware of the act of his son.
NYKAA EXPECTS REVENUE TO RISE 22-23% IN APR-JUN QUARTER
The company, however, flagged the soft demand environment in the Indian fashion industry
7 PROPOSALS ON TABLE FOR SEBI EXPERT GROUP TO TAME F&O FRENZY
Proposals included rationalisation or limiting weekly options, rationalisation of strike prices of the underlying assets and removal of calendar spread
