UGRO Capital has executed a share purchase agreement with the existing shareholders of Profectus Capital Pvt Ltd to acquire 100 per cent stake in the firm in a Rs 1,400 crore deal.
This all-cash deal, with the consideration payable in a single tranche at closing, will mobilize proceeds from UGRO’s recently announced equity raise and deploy capital into a fully secured asset portfolio delivering instant scale benefits with zero origination costs, making Profectus a wholly-owned subsidiary, it said.
Profectus has assets under management of Rs 3,468 crore as of March 2025, with presence across seven states.
© The Indian Express Pvt Ltd