Tiger Logistics to Raise ₹400 Crore for Expansion

Tiger Logistics (India) Ltd has announced plans to raise ₹400 crore through the issuance of equity shares and convertible instruments. This fundraising will be done in multiple tranches, subject to statutory approvals. The company aims to use the funds to strengthen its balance sheet and explore new growth opportunities. Recently, Tiger Logistics secured agreements with three public sector entities—BHEL, BEML, and Bank Note Paper Mill India—to provide logistics and freight support. This move is expected to enhance their service capabilities and market presence. Shares of Tiger Logistics rose by 2.82% following the announcement.