ACM Global Fund VCC cuts stake in Ugro Capital to 4.88%
ACM Global Fund VCC reduced its stake in Ugro Capital Limited from 5.91% to 4.88% by selling 1,590,909 shares on July 2, 2026. The open market transaction was disclosed to BSE and NSE on July 6, 2026, under SEBI takeover regulations.
*this image is generated using AI for illustrative purposes only.
ACM Global Fund VCC reduced its shareholding in Ugro Capital Limited by selling 1,590,909 equity shares via the open market on July 2, 2026. The transaction, disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, lowered the acquirer's stake from 5.91% to 4.88% of the total paid-up equity share capital.
The disclosure confirms that ACM Global Fund VCC is not part of the promoter or promoter group of Ugro Capital. Prior to the sale, the entity held 9,171,989 shares carrying voting rights, representing 5.91% of the total share capital. There were no encumbrances, voting rights held otherwise than by shares, or convertible instruments involved either before or after the transaction.
The sale involved only shares carrying voting rights, with no disposal of warrants or other instruments. The total diluted share capital of Ugro Capital remains unaffected by convertible securities, as none were outstanding. The shares of Ugro Capital are listed on BSE Limited and National Stock Exchange of India Limited.
Shareholding Details
The following table outlines the changes in ACM Global Fund VCC's shareholding in Ugro Capital Limited:
| Description | Number of Shares | % of Total Share Capital | % of Total Diluted Share Capital |
|---|---|---|---|
| Holding Before Sale | |||
| Shares carrying voting rights | 9,171,989 | 5.91% | 5.91% |
| Encumbered shares | NIL | NIL | NIL |
| Total Before Sale | 9,171,989 | 5.91% | 5.91% |
| Transaction Details | |||
| Shares sold | 1,590,909 | 1.02% | 1.02% |
| Holding After Sale | |||
| Shares carrying voting rights | 7,581,080 | 4.88% | 4.88% |
| Encumbered shares | NIL | NIL | NIL |
| Total After Sale | 7,581,080 | 4.88% | 4.88% |
The disclosure was submitted to the stock exchanges on July 6, 2026, by the authorised signatory of ACM Global Fund VCC based in Singapore.
Historical Stock Returns for UGRO Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.25% | -2.37% | -2.59% | -40.22% | -46.72% | -14.75% |
What might this reduction in stake indicate about ACM Global Fund VCC's future investment strategy regarding Ugro Capital?
How could this significant share sale impact Ugro Capital's stock price and investor sentiment in the short term?
Is this divestment part of a broader trend of foreign investors reducing exposure to the Indian NBFC sector?
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