Stay updated with breaking news from Sameena Capital. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The company has already entered into a definitive investment agreement with IFU, a Denmark government-owned fund offering risk capital to companies in developing countries and emerging markets. Get more Companies News and Business News on Zee Business.
UGRO Capital will deploy funds for lending credit to the MSMEs segment. It will further focus improving its balance sheet.
The company said its board approved Rs 240 crore worth of shares to IFU (Investeringsfonden for Udviklingslande), a Danish sustainable development goals investment fund, on a preferential allotment basis.
UGRO Capital Ltd, which was formed as a lending FinTech in July 2018 as a listed entity by raising approximately INR 900+ Cr of Equity Capital, today announced its second capital raise since inception.