This acquisition will help Urugs increase its business mixture by about 30% and increase additional profits of about Rs 150 crore annually. Profectus is a Mumbai-based MSME and school financing non-bank Nder.
“At this strategic price, our equity increase is deployed to save an instant standard and a cost of Rs. 115 crore and to achieve an annual profitability of Rs.
UGO said it would pay the all-cash deal to the all-cash deal using the income of the recently expired Rs 400 crore. The company can go for a preferential issue of compulsory convertible debentures for the balance amount.
Under the management of Eugro, Rs. There was a wealth of Rs 12000 crore while at the end of March, the profects had Rs 3500 crore. Profectus, with its fully secured loan portfolio, will be a whole -owned subsidiary of Uugro.
The company has launched a shares purchase agreement with the current shareholders of Profectus Capital to receive 100% of the shares. Edit is subject to regulatory and other standard approvals.
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