Ugro Capital – Opportunity To Invest in a Fintech-like Company Below Book Value

I don’t see it as a red flag either. On the contrary, I like the fact that they are being pro-active in keeping us in the loop by providing all the key updates and happenings. If I look at the last few messages i received, they talk about 1. Launch of MSME Sampark – which has details of how the MSME ecosystem is evolving 2. Impact analysis of the interim budget 3. Confirmation about raising 250 crores through NCDs 4. Earnings report 5. Press release of Q3 FY24

Maybe what we can watch out for is, see if they will continue to send all information, even bad news, with the same enthusiasm and transparency. If they do, this is a good move.