Merger10 Jul 2026, 06:50 pm
Ugro Capital Receives Observation Letters for Scheme of Amalgamation
AI Summary
Ugro Capital Ltd has received observation letters from NSE and BSE for its Scheme of Amalgamation with Profectus Capital Private Limited (PCPL). This follows earlier approvals from its Board of Directors and the Reserve Bank of India. The company has also received comments from SEBI regarding the draft scheme, including requirements for disclosing ongoing legal proceedings, ensuring timely display of additional information on websites, and compliance with SEBI circulars. The scheme is still subject to shareholder, creditor, and NCLT approvals.
Key Highlights
- Ugro Capital received observation letters from NSE and BSE for amalgamation scheme.
- Scheme involves amalgamation of Profectus Capital Private Limited with Ugro Capital.
- SEBI provided comments on the draft scheme, requiring disclosures and compliance.
- Scheme remains subject to shareholder, creditor, and NCLT approvals.
- Company will provide further updates on the scheme's progress.
Price Impact
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