Latest news with #UgroCapital
Mint
3 days ago
- Business
- Mint
NBFC stock Ugro Capital jumps 3% despite fall in key benchmark indices of Dalal Street
Stock Market today NBFC stock Ugro Capital jumps 3% during the intraday trades on Monday despite a fall in key benchmark indices of Dalal Street. Do you own it? NBFC stock Ugro Capital share price opened at ₹ 167 on the BSE on Monday. At the time of opening, NBFC stock Ugro Capital's share price, though, was trading slightly lower than the previous session's closing price of ₹ 167.40; however, the Ugro Capital share price saw sharp gains during the intraday trades. The NBFC stock Ugro Capital share price touched intraday highs of ₹ 179.50 on the BSE on Monday, which meant gains of more than 3% during the intraday trades. Notably, the gains for NBFC stock Ugro Capital were on a day when the benchmark S&P BSE Sensex dipped more than 0.3% during the intraday trades. The NBFC stock Ugro Capital had corrected sharply from 52-week highs of ₹ 265.48 seen in September 2025 to 52-week lows of ₹ 144.11 in March on the back of a sharp correction in the stock markets and has been seeing a sharp rebound thereafter. The gains for the NBFC stock are also supported by certain announcements, such as acquisitions by the Ugro Capital . In On June 17, 2025, UGRO announced the acquisition of Profectus Capital for ₹ 1,400 crore in an all-cash deal. The transaction marks a watershed moment in UGRO's evolution, as it called it a game-changing acquisition since the deal will immediately bring 29% growth in AUM, bringing the total to ₹ 15,471 crore. It also adds a 100% secured lending book, de-risking the portfolio. Brings in a profitable school finance segment with ₹ 2,000 crore growth potential; generates ₹ 115 crore in cost savings, thanks to overlapping product lines and branch consolidation. The company recently announced that the meeting of the Board of Directors of UGRO Capital Limited is scheduled to be held on Monday, 11th August 2025, to consider and approve the Unaudited Financial Results for the quarter ending 30th June 2025. Thus all eyes will be on the performance in Q1 Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
04-07-2025
- Business
- Business Standard
Ugro Capital allots 70,500 equity shares under ESOS
Ugro Capital has allotted 70,500 equity shares under ESOS on 04 July 2025. In view of this the paid-up share capital of the Company stands increased from Rs. 1,16,68,49,570/- divided into 11,66,84,957 equity shares of face value Rs. 10/- each to Rs. 1,16,75,54,570/- divided into 11,67,55,457 equity shares face value of Rs.10/- each. Powered by Capital Market - Live News
Business Standard
25-06-2025
- Business
- Business Standard
Ugro Capital allots 2.35 cr equity shares under rights issue
Ugro Capital has allotted 2,35,01,363 fully paid-up equity shares of face value of Rs. 10/- each on rights basis. Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to 11,66,84,957 equity shares of Rs. 10/- each aggregating to Rs. 116,68,49,570/-. Powered by Capital Market - Live News
Business Standard
24-06-2025
- Business
- Business Standard
Ugro Capital rallies on appointing Anuj Pandey as new CEO
Ugro Capital advanced 3.69% to Rs 180 after the company announced the elevation of Anuj Pandey as its new chief executive officer, effective 1 July 2025. Pandey, who currently serves as the chief risk officer, has been a founding member of Ugro Capital and has played a pivotal role in building the company's risk governance framework and credit architecture. His appointment was approved by the companys board. Anuj Pandey brings nearly 25 years of experience across prominent organizations such as GSK Consumer, ABN AMRO Bank, Barclays Bank, and Religare, where he held leadership positions in business and product strategy. He holds a in Mechanical Engineering and is an alumnus of the Indian Institute of Management (IIM) Lucknow. UGRO Capital is a pioneering DataTech NBFC specializing in MSME and small business financing. By leveraging advanced data analytics and an extensive distribution network, it bridges the vast small business credit gap in India, delivering tailored credit solutions to micro, small, and medium enterprises (MSMEs) across the country. The company reported a 24.04% jump in standalone net profit to Rs 40.55 crore in Q4 FY25 as against Rs 32.69 crore posted in Q4 FY24. Total income increased 24.83% YoY to Rs 412.44 crore in the quarter ended 31 March 2025.
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Business Standard
18-06-2025
- Business
- Business Standard
Ugro Capital up 7% on proposal to acquire 100% stake in Profectus Capital
Ugro Capital share price advanced 7 per cent in trade on Wednesday, June 18, 2025, logging an intraday high at ₹183.35 per share on BSE. The buying on the counter came after the company proposed acquisition of Profectus Capital Private Limited. At 9:39 AM, Urgo Capital shares were trading 2.74 per cent higher at ₹176 per share on the BSE. In comparison, the BSE Sensex was up 0.31 per cent at 81,836.66. The company's market capitalisation stood at ₹2,080.97 crore. Its 52-week high was at ₹294 per share and 52-week low was at ₹141.11 per share. Ugro Capital to acquire Profectus Capital On Tuesday, after market hours, the company informed that it has signed a share purchase agreement (SPA) with Actis PC Investment (Mauritius) Limited, Actis PC (Mauritius) Limited, and Profectus Capital Private Limited to acquire 100 per cent of Profectus Capital's shares for ₹1,398.6 crore. The deal will be paid fully in cash in a single installment at closing. Profectus Capital is a Mumbai-based non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI). Further, the proposed acquisition transaction is expected to be funded from the proceeds of the preferential issue of compulsory convertible debentures. The earlier object of the said preferential issue was as under: "The company shall utilize at least 75 per cent of the proceeds of the preferential issue towards augmenting the capital base of the company and resources for meeting funding requirements for business activities including onward lending and 25 per cent of the proceeds of the preferential issue towards general corporate purposes, within one year from the receipt of the funds," the filing read. Catch Stock Market LIVE Updates How will the acquisition help Ugro Capital? According to the filing, the acquisition will enhance four core NBFC pillars: Immediate 29 per cent asset under management (AUM) growth diversifies the combined portfolio to accelerate high-yield Emerging Markets and Embedded Finance expansion, while adding School Financing with incremental ₹2,000 crores medium-term potential. The company estimates significant geographic and product alignment in secured LAP, machinery finance, and supply chain finance which will drive operational efficiencies, generating ₹115 crore cost savings adding incremental profitability of ₹150 crore thus boosting return on asset (ROA) by 0.6-0.7 per cent once a post-acquisition merger is complete.
