Acquisitions26 Feb 2026, 04:19 pm
RBI Grants No Objection to Ugro Capital's Scheme of Amalgamation with Profectus Capital
AI Summary
UGRO Capital Limited has received a 'No Objection' from the Reserve Bank of India (RBI) for the Scheme of Amalgamation of its wholly owned subsidiary, Profectus Capital Private Limited, with the company. The approval is subject to certain conditions. The company had earlier received approval from its Board of Directors for the scheme on January 8, 2026. The scheme is still subject to approval from the National Company Law Tribunal, other applicable authorities, and the shareholders and creditors of the respective companies.
Key Highlights
- UGRO Capital receives RBI's 'No Objection' for the Scheme of Amalgamation with Profectus Capital
- The approval is subject to certain conditions
- The scheme is awaiting approval from the National Company Law Tribunal and other applicable authorities
- The scheme also requires approval from the shareholders and creditors of the respective companies