Ugro Capital Limited — Others, 18-06-2025: Copy of Newspaper Publication

UGRO Capital has announced a board meeting. The company approved the acquisition of 100% equity of Profectus Capital Private Limited for ₹1,398.60 crore in an all-cash deal, expected to significantly enhance UGRO’s secured loan portfolio and operational scale. The merger is projected to yield cost savings of ₹115 crore and incremental profits of ₹150 crore, improving return on assets by 0.6-0.7%. Following this, UGRO withdrew its earlier approval for a preferential issue of compulsorily convertible debentures. The equity rights issue remains open, offering 2.46 crore shares at ₹162 each, aiming to strengthen capital and fund growth.