Ugro Capital Shares Surge on Profectus Acquisition Deal

  Published 11 months 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.

You might like these

India Rupee Volatility, Forward Premiums Decline

RBI Bank Credit Data, April 2025

Indus Towers Expands in Africa

Kajaria Q2 FY26 Results: Revenue Up, Margins Rise

Divis Labs Secures Long, Term Pharma Deal

ADB Cuts India FY26 Growth Forecast

Biocon FDA Inspection Update

News that matters the most ⚡