Ugro Capital Limited — Credit Ratings, 23-08-2025: Credit Rating

India Ratings & Research (Ind-Ra) maintained UGRO Capital's NCDs, Bank Loans, and Subordinated Debt at 'IND A+/Rating Watch with Positive Implications'. New tranches, including 400 Cr NCDs, 3,000 Cr Bank Loans, and 300 Cr Sub-debt, received the same rating. This positive watch reflects the proposed acquisition of Profectus Capital, pending regulatory approvals. Commercial Papers worth 300 Cr were affirmed at 'IND A1+'.