UGRO Capital to acquire Profectus Capital
Bengaluru, June 18 -- UGRO Capital Limited, a prominent DataTech NBFC focused on MSME lending, on Wednesday announced the signing of a Share Purchase Agreement to acquire 100 percent equity of Profectus Capital Private Limited, a secured lending-focused NBFC, in an all-cash transaction.
The acquisition, funded through UGRO Capital's recent equity raise, is expected to add approximately Rs 150 crore in annualised profit and deliver immediate scale benefits, including 29 percent AUM growth, without incurring additional origination costs. Following completion, Profectus will operate as a wholly owned subsidiary of UGRO Capital.
According to a company statement, the transaction aligns with UGRO's long-term strategy of scaling its emerging marke...
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