Latest news with #NorthernArcCapital
Business Standard
8 hours ago
- Business
- Business Standard
Northern Arc Capital rallies after Madhusudan Kela's fund picks stake
Shares of Northern Arc Capital rose 11% to Rs 230.40 after ace investor Madhusudan Kela's fund Cohesion MK Best Ideas Sub-Trust acquired shares of the firm via block deals on 20 June 2025. On 20 June 2025, Kela's fund, Cohesion MK Best Ideas Sub-Trust, acquired 10 lakh shares (0.62% equity) of Northern Arc at Rs 208.83 each, according to bulk deal data disclosed by the exchanges. Meanwhile, BNP Paribas Financial Markets acquired 8,67,328 shares, or a 0.54% stake, in the company at Rs 202.46 per share. In a separate transaction, asset manager 360 ONE exited a 12.02% stake in Northern Arc Capital through open market deals on June 20. The firm, via three affiliated funds -- Series 4, Series 5, and Series 7 -- sold 1.94 crore shares at prices between Rs 195.71 and Rs 198.74, amounting to a total deal value of over Rs 382 crore. Northern Arc is a diversified NBFC. It offers a suite of solutions including lending, placements, and fund investments in key sectors like MSME financing, MFI, consumer financing, vehicle financing, affordable housing financing, and agricultural supply chain finance. Northern Arc handles an AUM of Rs 16,792 crore through its balance sheet and active AIF funds as of 31 March 2025. On a consolidated basis, net profit of Northern ARC Capital declined 57.48% to Rs 37.76 crore while total income rose 7.42% to Rs 606.72 crore in Q4 March 2025 over Q4 March 2024.
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Business Standard
4 days ago
- Business
- Business Standard
Northern Arc slips 9% amid large trade; 7.7 mn shares change hands on BSE
Northern Arc Capital share price fell 8.8 per cent in trade on Friday, June 20, 2025, logging an intraday low at ₹195.55 per share on BSE amid heavy volumes. The selling pressure on the counter came after 7.7 million shares changed hands on BSE and 38.28 million shares were traded on National Stock Exchange (NSE) in the morning deals, around 9:48 AM. Around the same time, Northern Arc shares were trading 6.18 per cent lower at ₹201.25 per share on the BSE. In comparison, the BSE Sensex was up 0.20 per cent at 81,525.17. The company's market capitalisation stood at ₹3,248.41 crore. Its 52-week high was at ₹351 per share and 52-week low was at ₹153.5 per share. Northern Arc block deal reports According to data compiled by Bloomberg, 14 per cent of equity was traded in multiple block deals. The buyers and sellers of the deal were not known. Reports also suggested that 0.22 million shares worth around ₹440 crore change hands at an average price of ₹197 per share. Among mutual funds, Quant Mutual Fund-Quant Elss Tax Saver Fund held 1.21 per cent stake as of the March 2025 quarter. Among Alternate Investment Funds, Volrado Venture Partners Fund Iv Gamma held a 1.17 per cent stake, 360 One Special Opportunities Fund-Series 7 held 3.59 per cent, 360 One Special Opportunities Fund -Series 5 held 3.83 per cent, 360 One Special Opportunities Fund - Series 4 held 4.67 per cent, 360 One Special Opportunities Fund - Series 3 held 1.36 per cent and 360 One Special Opportunities Fund - Series 2 held 2.95 per cent. Northern Arc listing Shares of Northern Arc Capital made a debut on bourses on September 24, 2024. On BSE, the stock was listed at ₹351, reflecting a premium of 33.4 per cent against the issue price of ₹263. On National Stock Exchange (NSE), Northern Arc Capital shares listed at a premium of 33.07 per cent at ₹350 per share, against the IPO issue price. About Northern Arc Capital Northern Arc Capital provides retail loans to underserved Indian households and businesses. The company's diversified business model spans various sectors, products, and geographies, facilitating over Rs 1.73 trillion in financing to 101.82 million people as of March 31, 2024. Northern Arc is registered with the Reserve Bank of India as a Non-Banking Finance Company and has been operating for the last 14 years.
