Tiger Logistics (India) Ltd said on Monday that its board through a preferential issue of Rs. A proposal to raise up to 400 crores has been approved. The company is exploring various financial instruments, including issuing equity shares, to raise the amount, an exchange filing said.
“To finance the business growth plan, the board gave in-principle approval to raise funds up to Rs 400 crore by issue of equity shares, convertible instruments or other permissible securities in one or more tranches through preferential issue,” the company said in a filing.
Tiger Logistics (India) is a global logistics player with expertise in handling domestic and international import and export of cargo projects.
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