UGRO Capital shares rally 7% as firm to acquire Profectus Capital for Rs 1,400 crore cash deal

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.

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