UGRO Capital has moved a step closer to completing the acquisition of Datasigns Technologies Pvt Ltd, the technology company that operates the MyShubhLife platform, after amending the transaction terms to streamline the deal structure.
The non-banking financial company informed stock exchanges that it has entered into an Amended and Restated Share Purchase Agreement with the selling shareholders as part of the process to acquire 100% shareholding in Datasigns Technologies. Once the remaining formalities are completed, the company will become a wholly owned subsidiary of UGRO Capital.
The acquisition marks a significant step in UGRO Capital’s strategy to strengthen its embedded finance ecosystem. Datasigns Technologies runs MyShubhLife, a digital lending platform that enables partnerships with platforms and ecosystems to originate credit for micro, small and medium enterprises (MSMEs) and small merchants.
UGRO Capital has already been closely working with the platform through a technology service provider arrangement since the original agreement was signed in January 2025. Over the past 15 months, the company has been originating and disbursing loans through the platform as part of its embedded finance operations.
The collaboration has scaled significantly during this period. As of December 31, 2025, the platform had enabled loan disbursements with an assets under management (AUM) of around ₹1,720 crore, while maintaining stable asset quality performance.
The latest amendment primarily revises the consideration structure for the acquisition. Under the original share purchase agreement, the total consideration of ₹45 crore was to be paid through a mix of cash and share swap in two tranches. However, the revised agreement now provides for a payment of ₹38.23 crore entirely in cash, to be completed in a single tranche.
According to the company, the change in payment structure reflects its capital allocation strategy and allows it to complete the acquisition without equity dilution. The flexibility to revise the structure was available under the shareholder approval already obtained for the transaction.
The integration of the MyShubhLife platform is aligned with UGRO Capital’s strategic realignment, which places strong emphasis on digital ecosystem partnerships and embedded finance as a key growth pillar for expanding credit access to MSMEs.
Once the remaining closing formalities are completed, the company said it will make a further disclosure to the stock exchanges in accordance with regulatory requirements.