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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.
यह कहानी Financial Express Pune के June 18, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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