The funds raised comprised of a ₹400 crore rights issue and a ₹915 crore preferential issue.
SNG & Partners has advised UGRO Capital Limited, a prominent DataTech NBFC focused on MSME lending, on its successful capital raise aggregating ₹1,315 crore through a rights issue and a preferential allotment.
The Firm advised UGRO on all legal and regulatory aspects of the capital raise, including drafting and finalisation of the Letter of Offer, assisting with shareholder and board approval processes, handling SEBI and stock exchange compliances, and providing inputs on structuring and procedural matters.
The transaction was led by Amit Aggarwal, Managing Partner – Corporate & Non-Contentious Practice, who oversaw the strategic legal execution. The team comprised Aditya Vikram Dua, Partner and Head of Financial Services, Devyani Dhawan, Counsel, and Chandra Shekhar Mishra, Associate Partner, with support from Associates – Mohit Goyal, Yash Dogra, Carishma Bhargava, and Hemant Bohra.