SNG & Partners advises UGRO Capital on preferential issue of convertible debentures and warrants

UGRO Capital Limited has made a preferential issue of compulsory convertible debentures and convertible warrants amounting to ₹1,333 crore to various identified non-promoters

The funds were raised from a mix of new and existing investors and family offices including Samena Capital, one of the existing private equity investors. While Samena Capital committed ₹500 crore through warrants, institutional investors like Aregence and some marquee family offices have committed to compulsorily convertible debentures and warrants.

SNG & Partners has advised and assisted UGRO Capital on this transaction.

Amit Aggarwal [Managing Partner (Corporate & Non-Contentious Practice)] provided strategic inputs. The transaction team consisted of Aditya Vikram Dua (Partner), Rachit Munjal (Senior Associate), and Ayushi Parnami (Senior Associate).

UGRO Capital Limited is a leading technology-enabled MSME lender. It offers a dedicated programme for secured and unsecured loans aimed at MSMEs and has partnered with large original equipment manufacturers (OEMs) to provide an end-to-end solution.

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