Stock exchange no-objection for UGRO-Profectus Capital amalgamation

Nclt Scheme FiledStrategic Transactions View source PDF

UGROCAP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-2.0%1-day move

₹97.99

prior close

₹96.76

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

—+1.1+1.3—-2.0-0.3-1.0-1.4+0.7-3.3————

Up moveDown movePending

AI summary

UGRO Capital has received no-adverse-observation letters from NSE and BSE under SEBI Listing Regulations 37 and 59A for its proposed amalgamation with Profectus Capital Private Limited. The exchange clearance, with SEBI comments incorporated, enables UGRO Capital to file the scheme with NCLT. The scheme, earlier approved by the Board and given RBI no-objection, still needs shareholder, creditor, and NCLT approval before it can take effect.

Likely market impact

Positive procedural step forward for the Profectus Capital amalgamation; deal still needs NCLT and shareholder approval before becoming effective.