Tiger Logistics to Raise Rs 400 Cr for Growth
Tiger Logistics (India) Ltd plans to raise up to Rs 400 crore via preferential issue to finance its business growth. The company is exploring equity shares and convertible instruments.
New Delhi, Dec 9 (PTI) Tiger Logistics (India) Ltd on Monday said its board has approved a proposal to raise up to Rs 400 crore via preferential issue.
The company is exploring various financial instruments including issuance of equity shares to raise the amount, an exchange filing said.
"To finance the business growth plan, the board gave in-principle approval of fund raising aggregating up to Rs 400 crore by issuance of equity shares, convertible instruments, or other permissible securities, in one or more tranches via preferential issue," the company said in the filing.
Tiger Logistics (India) is a global logistics player with expertise in handling the domestic and international import and export of cargo projects.
The company is exploring various financial instruments including issuance of equity shares to raise the amount, an exchange filing said.
"To finance the business growth plan, the board gave in-principle approval of fund raising aggregating up to Rs 400 crore by issuance of equity shares, convertible instruments, or other permissible securities, in one or more tranches via preferential issue," the company said in the filing.
Tiger Logistics (India) is a global logistics player with expertise in handling the domestic and international import and export of cargo projects.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- KBC Global
- 0.51 ( -3.77)
- 45787411
- Enbee Trade & Fi
- 0.94 ( -4.08)
- 22824755
- Sai Life Science
- 732.60 (+ 0.47)
- 20921967
- Sharanam Infra
- 0.43 (+ 4.88)
- 11448021
- Vodafone Idea L
- 6.39 (+ 0.95)
- 9296657
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback