UGRO Capital’s shares surged following the announcement of its acquisition of Profectus Capital for Rs 1400 crore. This all-cash deal is expected to boost UGRO’s business mix by 30% and add Rs 150 crore in annual profit. The acquisition, funded by a rights issue and potential debentures, positions Profectus as a wholly-owned subsidiary, pending regulatory approvals.
SBI Funds Management seeks Rs 2,000 crore in pre-IPO round
SBI Funds Management, India’s largest mutual fund, is planning a significant IPO, potentially raising up to ₹2,000 crore through a pre-IPO placement. This move precedes