Ugro Capital Limited has informed the Exchange regarding a press release dated September 18, 2025, titled "UGRO CAPITAL ACQUISITION OF PROFECTUS CAPITAL RECEIVES RBI APPROVAL".
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Ugro Capital has received approval from the Reserve Bank of India (RBI) for its acquisition of Profectus Capital. Profectus Capital is a non-banking financial company (NBFC) that provides lending solutions, particularly to small and medium enterprises (SMEs). This clearance is a key regulatory milestone that paves the way for the deal to move forward and close. With RBI's nod secured, Ugro Capital can now proceed with integrating Profectus Capital's operations and portfolio into its own business. The acquisition is expected to strengthen Ugro Capital's presence in the SME lending segment.
This is a positive development for Ugro Capital shareholders as it removes a major regulatory hurdle and signals the deal is likely to close soon. The acquisition could expand the company's loan book and market reach, potentially supporting future growth in revenue and profitability, though integration risks remain.