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Ugro Capital Limited ( (IN:UGROCAP) ) has issued an announcement.
UGRO Capital has received a conditional ‘No Objection’ from the Reserve Bank of India for the proposed amalgamation of its wholly owned subsidiary, Profectus Capital Private Limited, into the parent company. The move is part of a larger restructuring that could streamline operations and consolidate the group’s lending platform.
The lender has also sought observation letters from the stock exchanges under SEBI’s listing regulations, with the scheme still requiring approvals from the National Company Law Tribunal, other regulators, and stakeholders. If cleared, the amalgamation is expected to simplify the corporate structure and may enhance regulatory efficiency and capital deployment for the combined entity.
More about Ugro Capital Limited
UGRO Capital Limited is a non-banking financial company focused on lending to businesses in India. Through its subsidiaries and group entities, the company targets sectors such as small and medium-sized enterprises, offering structured credit solutions and other financial services tailored to underserved segments.
Average Trading Volume: 12,974
Technical Sentiment Signal: Sell
Current Market Cap: 15.85B INR
For an in-depth examination of UGROCAP stock, go to TipRanks’ Overview page.