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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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