UGRO Capital to complete Profectus acquisition, eyes ₹17,000-crore AUM

UGRO CAPITAL IS set to complete its acquisition of Profectus Capital within this month, a move that will immediately add ₹3,000 crore to its asset base and help the company surpass its AUM target of ₹15,000 crore, Founder and Managing Director Shachindra Nath said in an interaction. Earlier, the deal was expected to be completed by October 31.

- KSHIPRA PETKAR

With this inorganic boost, UGRO expects to close the fiscal with a consolidated AUM of ₹16,500-17,000 crore, including ₹12,000 crore from its existing book and the remainder from Profectus and calibrated organic additions. The assets under management grew 20% year-on-year to ₹12,226 crore as of September 30.