Latest news with #NationalStockExchangeofIndiaLimited
India.com
20 hours ago
- Business
- India.com
This ace investor increases stake in LIC-backed NBFC stock
ओमांश इंटरप्राइजेज लिमिटेड का शेयर बना रहा मालामाल Ace investor Nimisha Pandey has increased her stake in LIC-backed Paisalo Digital Limited to 5.18 per cent through an open market acquisition. This involved purchasing 43,15,000 shares, bringing her total holding to 4,67,32,362 shares. Previously, Nimisha Pandey held 4,24,17,362 shares, representing 4.70 per cent of the company's total share/voting capital. The shares of Paisalo Digital Limited are listed on both the National Stock Exchange of India Limited and BSE Limited. Nimisha Pandey is identified as an acquirer, acting in concert, and is not part of the Promoter/Promoter group. Additionally, the company's Operations and Finance Committee approved the allotment of 3,400 Rated, Listed, Senior, Secured, Redeemable, Taxable, Transferable, Non-Convertible Debentures (NCDs) through a private placement. Each NCD has a face value of Rupees One Lakh, resulting in a total issuance of Rs 340,000,000. These debentures carry a coupon interest rate of 9.75 per cent per annum, payable quarterly, and have a tenure of 36 months. The NCDs are secured by a first-ranking pari-passu charge on loan receivables, maintaining a security cover of 1.10 times the outstanding principal. In case of a delay in interest or principal payment exceeding three months, the default interest rate will be the coupon rate plus 2 per cent per annum.
India.com
03-07-2025
- Business
- India.com
Tiger Logistics' board approves NSE mainboard listing
शेयर बाजार में हाहाकार, अरबों डॉलर हुए स्वाहा Shares of logistics company Tiger Logistics gained nearly 4 percent today as the company said that its board has approved a proposal to list its securities on the NSE mainboard. The counter opened at Rs 57.25 on the BSE against the previous close of Rs 56.55. The stock gained further to touch the high of Rs 58.50, a gain of 3.97 percent from yesterday's closing price. Last seen, the counter was trading at Rs 58.60. The 52-week high of the stock is Rs 80.44 and the 52-week low is Rs 31.99. According to available data, Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) have increased their ownership of Tiger Logistics from 9.41 per cent to 9.76 per cent in the quarter ending March 2025. This increase in holdings indicates growing confidence in the company's prospects among foreign investors. Board Approves NSE Mainboard Listing The BSE-listed stock has announced that the board has considered and approved the proposal to list the company's securities on the National Stock Exchange of India Limited (NSE). This approval is a significant step for Tiger Logistics, as it opens up new avenues for investment and potentially increases the company's visibility in the market. 'Considered and approved the proposal for listing the securities of the Company on the Main Board of the National Stock Exchange of India Limited (NSE), subject to the fulfilment of all requisite criteria for listing on the NSE Main Board and obtaining all necessary statutory and regulatory approvals, if any,' the filing reads. Share Price History The stock has delivered a strong return of 128.05 per cent over the past three years and 53 per cent over the past year, outperforming the market. However, it has corrected by 16.67 per cent on a year-to-date (YTD) basis, which could be due to recent market conditions or company-specific factors. This correction may present a buying opportunity for investors who believe in the company's long-term potential. Tiger Logistics Q4 Profit Tiger Logistics has posted a robust 59.9 per cent growth in net profit at Rs 6.44 crore in the fourth quarter of the financial year 2024-25, driven by higher revenue. This strong profit growth is a reassuring sign for investors, indicating the company's financial health and potential for future returns. It had posted a net profit of Rs 4.02 crore in January-March FY24, the company said in an exchange filing. Tiger Logistics' revenue has seen a healthy 23.5 per cent rise to Rs 114.50 crore in the last quarter of FY25 from Rs 92.71 crore in Q4 FY24. This increase in revenue is a positive indicator of the company's growth and potential for future success. With PTI inputs
Mint
03-07-2025
- Business
- Mint
Multibagger BSE stock at its board meeting considers mainboard listing on the NSE
Stock Market Today: Multibagger BSE stock at its board meeting held on Wednesday considers mainboard NSE listing. Check details about Tiger Logistics The multibagger BSE stock Tiger Logistics on 2 July 2025 intimated the exchanges about its board meeting outcome. In its release on the BSE, Tiger Logistics, India, intimating the outcome of the board meeting held on Wednesday, 2 July 2025, said that the plan to list the company's securities on the National Stock Exchange of India Limited's (NSE) Main Board was considered in its board meeting, provided that all requirements for listing on the NSE Main Board are met and that all applicable statutory and regulatory clearances are obtained. As per the Tiger Logistics India release on the exchanges, the "proposal for listing the securities of the company on the Main Board of the National Stock Exchange of India Limited (NSE) subject to the fulfillment of all requisite criteria for listing on the NSE Main Board and obtaining all necessary statutory and regulatory approvals, if any" was considered by its board. This strategic move, as per Tiger Logistics, is aimed at enhancing the company's visibility, improving liquidity for its shareholders, and expanding access to a broader investor base. Tiger Logistics India's share price had ended at the ₹ 56.55 level on the BSE on Wednesday. While the BSE stock Tiger Logistics share price has gained almost 50% in the last year, the stock has risen multifold in 5 years. The Tiger Logistics share price during the last five years has risen 1390%, having given multibagger returns to the investors. The Tiger Logistics share price opened at ₹ 57.38 on the BSE on Thursday and thereafter was trading with more than 1% gains post the announcement of the board meeting outcome that considered a proposal to list the stock on the National Stock Exchange of India, or the NSE. Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
