Patni Family Increases Stake in UGRO Capital
The Patni Family, with other associates, has raised their stake in UGRO Capital to over 5%, holding more than 79 lakh shares. This increase was achieved via open market purchases, with no ties to UGRO's promoters, reflecting the family's strategic investment evolution post their divestment from Patni Computer Systems.
- Country:
- India
The Patni Family, renowned for their strategic investments, has significantly boosted their stake in UGRO Capital, a data-tech lender focusing on MSMEs. The family and its associates have raised their combined holding to just over 5%, marking a noteworthy shift in the company's shareholder dynamics.
According to a regulatory filing, the family, through Zodiac Wealth Advisors LLP and 22 other entities, now collectively owns 79,52,860 shares of UGRO Capital. This recent acquisition was completed entirely through open market purchases using the family's funds, surpassing the critical 5% threshold on February 9, 2026.
Importantly, the group making these purchases comprises public shareholders independent of UGRO Capital's Promoter or Promoter Group. After divesting their promoter stake in Patni Computer Systems to iGate Corporation in 2011 for USD 1.5 billion, the Patni Family has continued to expand their investment portfolio across various sectors.
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