UGRO Capital Limited announced a private placement of compulsorily convertible debentures and warrants for the gross proceeds of INR 13,326,600,000 on May 3, 2024. Samena Capital has committed to invest INR 5,000,000,000 through warrants, while company's founder, board members and management team have together earmarked INR 162,500,000. Other investors such as Aregence and multiple Indian family offices have also committed to invest via CCDs and warrants.

The transaction has been approved by the shareholders of the company and is subject to shareholders approval. The debentures have to be converted to equity after a pre-decided data, while warrants give investors the right to buy a pre-decided number of shares of the issuing company after a specified date.