The stock opened at 203.08 Apiece in Early Morning Session, as compared to previous close of 213.88, however, stock touched an intraday low to 197.87.
Northern Arc Capital Block Deal Details
According to available data, Around 2.23 Crore Shares – RePresenting 13.84 per cent of Northern Arc Capital’s Total Outstanding Equity – Wire Traded Through a Block Deal.
The shares exchanged hands at an average price of 197 Each, Resulting in a Total Deal Value of 440 Crore. The identifies of the boyers and sellers involved in the transaction remain undiscLosed.
Northern Arc Capital does not have any promoter shareholding.
As of the end of the March Quarter, Quant Mutual Fund is the only domestic institutional investment among Alternate Investment Funds, Primarily LED by 360 One, Collectively Hold Nearly 19 per cent stake in Northern Arc.
Sumitomo mitsui banking corporation, which recently investment in yes bank, holds a 3.77 per cent stake in Northern Arc.
Foreign entities collectively own 49 per cent of Northern Arc. This Includes International Finance Corporation (6.08 per cent), AUGUSTA Investments II (16.04 per cent), AFRICA-SASIA Investment Company (3.99 per cent), Leapfrg Financial India (III) Indian (III) Indian Ltd. (16.18 per cent), and eight roads investments (7.35 per cent).
Northern Arc Capital offers Retail Loans to Underbanked HouseHolds and Businesses Across India. With a Diversified Presence Multiple Sector, Products, and Regents, The Company has enabled Financing Worth Over 1.73 trillion, Benefiting 101.82 Million individuals as of March 31, 2024. It is registered as a non-banking finance company (NBFC) With the Reserve Bank of India and Has Been in opening for 14 years.
Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
Discover more from Gautam Kalal
Subscribe to get the latest posts sent to your email.
Be First to Comment