Amendment and Closing of Share Purchase Agreement for acquisition of Datasigns Technologies Private Limited (MyShubhLife)
UGROCAP · price
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Ugro Capital is finalising its 100% acquisition of Datasigns Technologies Private Limited (DTPL), which operates the MyShubhLife embedded finance platform. The parties have signed an Amended and Restated Share Purchase Agreement on March 5, 2026, changing the deal terms. Originally, the INR 45 crore purchase was to be paid via a mix of cash and share swap in two tranches. Under the revised terms, the entire consideration of INR 38.23 crore will now be paid fully in cash in a single tranche. The change is aimed at avoiding equity dilution and reflects a more capital-efficient structure. As of December 31, 2025, the MyShubhLife platform had enabled loan disbursements of approximately INR 1,720 crore in AUM, with stable asset quality. Once closing formalities are completed, DTPL will become a wholly owned subsidiary of Ugro Capital.
This is a positive development for existing shareholders as the revised structure avoids equity dilution by paying entirely in cash. The reduced purchase price (INR 38.23 crore vs INR 45 crore) is also favourable. The acquisition strengthens Ugro's embedded finance strategy, which has already shown traction with INR 1,720 crore in loan originations through the platform.