Ashish Kacholia buys stake in UGRO CAPITAL yesterday
Buying 6,26,174 shares in bulk deal @ 187₹
▶️UGRO Capital was envisaged to be built as India's largest small business financing platform combining the power of Data & Tech and was uniquely created as India first listed startup.
▶️ In2018, its founder Mr. Shachindra Nath
acquired control of a small listed NBFC 'Chokhani Securities Limited
& raised capital institutional equity capital from likes of TPG- NewQuest, PAG, ADV Capital, Sameena Capital & other domestic family offices & public market investors
▶️It ha built an AUM of INR 6,000+Cr & with a monthly disbursement of more than ₹500 Cr as of Mar23
▶️Its unique Data driven GRO Score is a leading platform for accessing the credit for small businesses in India & has launched GRO X platform 4 a fully digital credit through UPI
1,52,38,095 pref shares allotted at price of 157.50 each
Will be interesting to see the outcome of EGM on 22nd May. Exciting business updates and a few interesting names in Preferential issue
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Abt the company
▶️Company is engaged in design and manufacture of Pharmaceutical & Chemical plants & process equipment.
It designs & manufacture special range of filtration,
mixing and drying equipments specifically used in Pharmaceuticals,Sterile Applications
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▶️Also used in Fine Chemicals
Agro Chemicals
Pesticides,Insecticides
Dyes & Food Products
▶️These equipments r manufactured from material such as StainlessSteel,Alloy Steel, Hastelloy etc with various lining as per International Codes
a)IS & BS
b)ASME
c)TEMA
d)DIN & CE Marks
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