Wed Sep 25 08:12:10 UTC 2024: ## Northern Arc Capital Makes Stellar Debut on Stock Market

**Chennai, India – September 25, 2024** – Northern Arc Capital Ltd, a leading financial services company, made a strong debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today, listing at a 33% premium to its initial public offering (IPO) price. The stock opened at Rs 315.50, marking a successful entry into the Indian stock market.

The company’s strong performance can be attributed to its robust business model and growth prospects. Northern Arc Capital specializes in providing financial services to underserved segments of the Indian economy, including small and medium enterprises (SMEs).

**Board Meeting Scheduled for Q1 FY25 Results**

Northern Arc Capital has announced that its board of directors will meet on September 30th, 2024, to discuss and approve the company’s unaudited financial results for the quarter ended June 30th, 2024. The meeting will also include the limited review report.

**Key Highlights of Northern Arc Capital’s Performance:**

* **Market Capitalization:** Rs 5,092 crore
* **52-Week High/Low:** Rs 351.00 / Rs 307.15
* **Profitability:** The company reported a profit of Rs 66.14 crore on a total income of Rs 474.00 crore for the quarter ended 2023.

**Trading Window Closure and Listing on BSE**

Northern Arc Capital has informed the stock exchanges about the closure of its trading window in accordance with SEBI regulations. The company’s equity shares are now listed and admitted to dealings on the BSE’s B Group Securities list.

Investors are closely watching Northern Arc Capital’s performance, as the company is poised to benefit from the growing demand for financial services in India. With a strong focus on innovation and customer-centricity, the company is well-positioned to become a major player in the Indian financial services sector.

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