Ugro Capital rose 3.19% to Rs 95.50 after the company said it received Corporate Agency license (Composite) from the Insurance Regulatory and Development Authority of India (IRDA) on 25 September 2020.
Under the said license, the company shall be entitled to tie up with life and general insurance companies to distribute their insurance products in line with various directions/guidelines issued by IRDA.
The scrip has surged 28.01% from its 52-week low of Rs 74.60 hit on 24 March 2020. The announcement was made post trading hours on Friday, 25 September 2020.
On a standalone basis,