Dhruva Capital Services Jumps 5% on Strategic Merger with Vector Finance

Mumbai, September 19, 2025: Shares of Dhruva Capital Services Ltd (BSE: 531237) surged 5% in early trade on Friday after the company announced that it has finalized a strategic merger with microfinance lender Vector Finance Pvt Ltd.

Dhruva Capital Services Ltd is a listed Non-Banking Financial Company (NBFC) engaged in investment and financing solutions. The company is headquartered in Udaipur and trades under the ticker 531237 on BSE. It provides services including business loans, loans against property, commercial vehicle and equipment financing, and construction finance. The company offers invoice and lease rental discounting, supporting diverse financial needs, establishing its presence in catering to both individual and business borrowers.

Merger Details

In its regulatory filing, the board of directors of Dhruva Capital Services approved the merger of Vector Finance with the company. The merger is subject to approvals from the National Company Law Tribunal (NCLT), shareholders, and creditors.

Key Figures of Vector Finance (FY25)

For FY25, Vector Finance closed with steady growth in scale and outreach. The company’s assets under management crossed ₹390 crore during the period, reflecting a widening loan book supported by disbursements of over ₹220 crore. Revenue from operations stood at around ₹27 crore, which underscores the company’s ability to generate consistent income from lending activity. The company has more than 43,000 customers, who are served through 173 branches across six states. With such results, the company has shown both operational depth and regional reach in financial services.

Management Commentary

Showing enthusiasm towards the merger, Rahul Johri, Chairman of Vector Finance, said the merger would provide synergies, reduce borrowing costs, and enable wider access to capital. Further to that, he said, “This integration will enhance our ability to serve customers across segments, expand our product suite and unlock synergies in operations and capital efficiency,” he added.

The same enthusiasm was shared by Shreeram Bagla, Managing Director of Dhruva Capital Services, who called it a “significant milestone” in the company’s growth journey, stating, “By joining forces with Vector, we aim to create a stronger institution that combines our robust understanding of the financial sector with Vector’s deep reach in the microfinance sector,” he said.

Stock Performance

As of September 19, 2025, 12:44 pm, shares of Dhruva Capital Services Limited were trading at ₹169.10, up by 8.00 points, a 4.97% increase. The company had an overall traded volume of 0.008 lakh shares while its total traded value and total market cap stood at ₹1.42 crore and ₹68.68 crore, respectively.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/b13ab47f-0a97-4a5e-9c79-7151355f6ee8.pdf

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