Vuélvete ilimitado con Magzter GOLD
Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo
Intentar ORO - Gratis
UGRO Capital to buy Profectus for ₹1,400 crore
Financial Express Pune
|June 18, 2025
NON-BANKING FINANCE company (NBFC) UGRO Capital Tuesday said it will acquire 100% stake in Profectus Capital for ₹1,400 crore in an all-cash deal, according to a statement.
In a statement, the non-bank lender said that its geographic and product alignment in secured loans against property, machinery finance, and supply chain finance will drive operational efficiencies, resulting in cost savings of ₹115 crore and incremental profitability of ₹150 crore. This, it added, is expected to boost return on assets by 0.6-0.7% once the post-acquisition merger is complete.
Esta historia es de la edición June 18, 2025 de Financial Express Pune.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Financial Express Pune
Financial Express Pune
Airtel earmarks ₹20K cr for digital lending
BHARTI AIRTEL PLANS to scale up its non-banking financial company (NBFC) subsidiary Airtel Money with a capital infusion of ₹20,000 crore over the next few years, according to an announcement by the telecom major on Monday.
1 min
February 24, 2026
Financial Express Pune
'Gilt funds offer a strong tactical opportunity'
Investors can take a tactical call on gilt funds due to attractive spreads, believes Vikas Garg, head — fixed income at Invesco Mutual Fund.
2 mins
February 24, 2026
Financial Express Pune
Luxury MPVs enter the fast lane
Sales in the ₹60-lakh-plus segment surge fivefold since 2020
2 mins
February 24, 2026
Financial Express Pune
Airtel arm, US NGO to roll out AI tools for teachers
BHARTI AIRTEL FOUNDATION has partnered with US-based nonprofit CK-12 Foundation to roll out over 45 Al-enabled tools for teachers through its digital platform, TheTeacherApp.
1 min
February 24, 2026
Financial Express Pune
US deal alone can’t ease global turmoil: FM
SHEADDED THAT
1 mins
February 24, 2026
Financial Express Pune
India braces for Hormuz shock
e Russian crude may return to play, feel analysts
3 mins
February 24, 2026
Financial Express Pune
LTIMindtree inks $100-mn deal with Europe firm
IT SERVICES COMPANY LTIMindtree on Monday said it has secured a $100-million, seven-year deal with a Europe-based medical technology company that provides hearing solutions.
1 min
February 24, 2026
Financial Express Pune
GDP likely grew 7.35% in Q3: FE poll
INDIA'S ECONOMY LIKELY recorded a growth rate of around 7.35% in the October-December quarter (Q3) of FY26, according to a Financial Express poll of economists.
2 mins
February 24, 2026
Financial Express Pune
Will capping credit card interest rates help?
The federal cap that Trump has proposed would, in theory, prevent issuers from gouging customers. But not everyone agrees it would be good for Americans
3 mins
February 24, 2026
Financial Express Pune
Corruption, bribe are Stalin’s real friends, alleges Vijay
TVK FOUNDER Vijay on Monday stepped up his attack on Tamil Nadu Chief Minister MK Stalin ahead of the high-stakes Assembly polls, alleging that the DMK president’s real friends were “bribery and corruption,’ and asserted that the upcoming elections were “a war between Vijay and Stalin”.
1 min
February 24, 2026
Listen
Translate
Change font size