Patni Family Increases Stake in UGRO Capital
The Patni Family, via Zodiac Wealth Advisors LLP and 22 other entities, increased their stake in UGRO Capital to over 5%. This acquisition, executed through open market purchases and involving 79,52,860 shares, marks a strategic investment shift following their 2011 divestment from Patni Computer Systems.
- Country:
- India
Patni Family members, along with their associates, have significantly increased their stake in UGRO Capital, a data-tech lender focused on MSMEs, to more than 5%.
The acquisition was made through open market transactions, utilizing own funds, reaching 79,52,860 shares, equivalent to 5.02% of UGRO Capital's paid-up equity, as stated in a regulatory filing. The threshold was crossed on February 9, 2026.
This strategic move is part of the Patni group's broader investment approach following their $1.5 billion exit from Patni Computer Systems in 2011, illustrating their shift towards a multi-asset operation.
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