Ugro Capital Limited — Important, 17-06-2025: Agreements

UGRO Capital has announced a board meeting to approve the acquisition of Profectus Capital Private Limited, an NBFC with ₹3,578 Cr assets and ₹420 Cr turnover. UGRO will acquire 100% equity for ₹1,398.6 Cr cash from Actis PC Investment (Mauritius) Limited and Actis PC (Mauritius) Limited. The deal aims to boost UGRO’s AUM by 29%, diversify lending products including school financing (₹2,000 Cr potential), and generate ₹115 Cr cost savings with ₹150 Cr incremental profit, enhancing ROA by 0.6-0.7% post-merger. Funding will come via a revised preferential issue of compulsory convertible debentures.