UGRO Completes INR 1,400 Cr Acquisition Of Profectus

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SUMMARY

UGRO Capital said that it will soon initiate the process for the merger of Profectus into the parent entity. The proposal will be subject to board and shareholder approvals

The deal will shore up UGRO’s consolidated AUM by 29% to INR 15,471 Cr, and open up a new INR 2,000 Cr medium-term opportunity in school financing for the listed NBFC

This comes six months after UGRO first said that it would acquire Profectus Capital from UK-based PE firm Actis for INR 1,400 Cr

Listed non-banking finance company (NBFC) UGRO…



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UGRO Completes INR 1,400 Cr Acquisition Of Profectus


SUMMARY

UGRO Capital said that it will soon initiate the process for the merger of Profectus into the parent entity. The proposal will be subject to board and shareholder approvals

The deal will shore up UGRO’s consolidated AUM by 29% to INR 15,471 Cr, and open up a new INR 2,000 Cr medium-term opportunity in school financing for the listed NBFC

This comes six months after UGRO first said that it would acquire Profectus Capital from UK-based PE firm Actis for INR 1,400 Cr

Listed non-banking finance company (NBFC) UGRO…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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