Wed Sep 25 11:14:48 UTC 2024: ## Northern Arc Capital Makes Stellar Debut, Lists at 33% Premium on BSE, NSE

**Mumbai, India – September 25, 2024:** Northern Arc Capital Ltd., a leading financial services company, made a remarkable debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today, listing at a premium of 33% over its initial public offering (IPO) price. The stock opened at Rs 313.90, marking a strong start for the company.

This impressive performance comes amidst a positive market sentiment, with the Sensex gaining 256 points and the Nifty holding above the 26,000 mark. The media index surged by 3%, while the Volatility Index (VIX) declined by 7%.

Northern Arc Capital’s strong listing is a testament to the investor confidence in the company’s growth potential. The company is a leading player in the asset management and financial services sector, with a focus on providing innovative lending solutions to underserved segments of the Indian economy.

The company’s board of directors will meet on September 30th to discuss and approve the unaudited financial results for the quarter ended June 30, 2024. Northern Arc Capital’s shares are now listed on the BSE under the scrip code 544260, and are classified as B Group securities.

**Key Highlights:**

* Northern Arc Capital listed at a 33% premium on its IPO price.
* The stock opened at Rs 313.90 on the BSE and NSE.
* The company’s board will meet on September 30th to discuss financial results.
* Northern Arc Capital’s shares are now classified as B Group securities on the BSE.

This successful listing is a positive development for the Indian financial services sector, demonstrating investor confidence in the growth potential of companies like Northern Arc Capital.

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