Ugro Capital Shares Surge on Profectus Acquisition Deal

  Published 1 year ago

Ugro Capital shares jumped 7.9% as it agreed to buy Profectus Capital for ₹13.99B, aiming for ₹1.15B cost cuts and a ₹1.5B profit boost.

  • Stock hit ₹185, trading 3.3x average volume, busiest since March 19.
  • Deal expected to enhance profitability and reduce YTD losses to 24.2%.
  • Acquisition targets non-banking financial company Profectus Capital.

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