Ugro Capital Limited — Important, 01-01-2025: Agreements

UGRO Capital Limited has entered into a Share Purchase Agreement (SPA) and a Shareholders’ Agreement (SHA) for the acquisition of 100% shareholding in Datasigns Technologies Private Limited (DTPL), a fintech platform. The acquisition will occur in two tranches, with certain conditions to be fulfilled as specified in the SPA. This strategic move positions UGRO to enhance its embedded finance capabilities and expand its market presence. The agreement includes provisions for the nomination of directors by UGRO on DTPL's board, reflecting its control over the newly acquired entity. Overall, this development suggests a positive outlook for UGRO as it strengthens its strategic partnerships in the fintech space. Watch closely for progress on the implementation of this acquisition and its contribution to overall growth.