Tiger Logistics (India) Limited (BSE: 536264) has announced a comprehensive growth plan for the upcoming years and obtained in-principle approval to raise up to Rs. 400 crore through a preferential issue. This decision was made at a board meeting held on Monday, December 9, 2024. The funds raised through this preferential issue will be used to finance the company’s ambitious business growth strategy.
The “Business Blueprint” unveiled by the company highlights a detailed roadmap to accelerate growth. It includes a strategic evaluation of market opportunities, tapping into emerging trends, and positioning the company to maintain its competitive edge in a rapidly evolving marketplace. This plan also emphasizes data-driven insights to optimize resources and identify untapped potential in the industry.
The funds will be raised through the issuance of equity shares, convertible instruments, or other permissible securities, in one or more tranches. The board has delegated the necessary authorization to identify the list of proposed allottees, subject to statutory approvals and compliance with SEBI (ICDR) Regulations and other applicable laws. A final decision will be taken in the upcoming board meeting, where the proposed allottees and other relevant documents will be reviewed.
