Tiger Logistics soars on signing alliance partnership agreement with ICICI Bank
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Tiger Logistics (India) is currently trading at Rs. 473.00, up by 25.70 points or 5.75% from its previous closing of Rs. 447.30 on the BSE.
The scrip opened at Rs. 452.50 and has touched a high and low of Rs. 475.00 and Rs. 452.50 respectively. So far 33787 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 479.75 on 30-Dec-2022 and a 52 week low of Rs. 218.00 on 18-Oct-2022.
Last one week high and low of the scrip stood at Rs. 475.00 and Rs. 422.00 respectively. The current market cap of the company is Rs. 472.91 crore.
The promoters holding in the company stood at 64.65%, while Institutions and Non-Institutions held 0.22% and 35.13% respectively.
ICICI Bank has signed an alliance partnership agreement with Tiger Logistics to facilitate integrated banking and end-to-end logistics for exporters and importers. This first-of-its-kind collaboration between ICICI Bank and an end-to-end global logistics company. Tiger Logistics marks a significant milestone and synergy in the evolution of two distinct yet interlinked sectors - global logistics and banking, providing importers and exporters with a seamless and comprehensive shipping solution for their global trade requirements.
This collaboration will seamlessly integrate the ICICI Trade Emerge platform with Tiger Logistics' proprietary digital freight booking and management platform, FreightJar. This strategic alliance signifies a significant milestone in bridging the gap between the logistics and banking sectors.
The partnership will empower exporters and importers with easy access to competitive freight rates and a comprehensive solution for their global trade needs. It will enable the Trade Emerge users to receive instant quotes, streamline documentation processes, and gain visibility into their shipments. Furthermore, they can access quick financing options from ICICI Bank, simplifying their international trade operations.
Tiger Logistics (India) is a leading Third-party logistics player with specialization in International Logistics handling import and export of Cargos and Projects.
