Ugro Capital Shares Surge 7% Following Profectus Capital Acquisition

Ugro Capital’s Strategic Move

Ugro Capital has made headlines with its announcement of a significant all-cash acquisition of Profectus Capital, valued at ₹1,400 crore. This bold move is designed to enhance Ugro’s operational scale and solidify its position in the lending market.

Impact on Ugro’s Financial Health

The acquisition is expected to boost Ugro Capital’s assets under management by an impressive 29%, bringing the total to approximately ₹15,471 crore. Such an increase will not only enhance the company’s lending base but also provide greater financial stability and growth potential in the long term.

Market Reaction and Future Prospects

Following the announcement, Ugro Capital shares experienced a notable jump of over 7%. This positive market reaction indicates strong investor confidence in the strategic direction of the company. With pending approvals, industry experts are optimistic about the integration of Profectus Capital, anticipating further growth and expanded market reach for Ugro Capital.