Intimation about completion of acquisition of Profectus Capital Private Limited as wholly owned subsidiary of the Company
UGROCAP · price
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Ugro Capital Limited has completed the acquisition of Profectus Capital Private Limited, making it a wholly owned subsidiary of the company. Profectus Capital is an NBFC (non-banking financial company), so this acquisition strengthens Ugro Capital's presence in the lending and financial services space. With Profectus now fully integrated as a subsidiary, Ugro Capital's loan book and overall scale are expected to grow. The deal adds to Ugro Capital's portfolio of lending businesses, potentially expanding its customer base and product offerings.
This is a positive development for shareholders as it expands the company's scale and lending capacity through inorganic growth. Investors should watch for updates on synergy benefits, integration costs, and any impact on earnings per share in the coming quarters.