Nisus Finance Reports Strong Q1 Results and IPO Proceeds Utilization 1 minute ago Today
Nisus Finance announced Q1 financial results with revenue from operations at ₹2,840.30 lakh and net profit at ₹1,615.84 lakh. The company operates in Transaction Advisory Services and Fund and Asset Management segments. Of the ₹101.62 crore raised in its IPO, ₹81.59 crore has been utilized. Strategic developments include an MoU for tokenization of funds worth up to $500 million and plans to acquire a 69% stake in NCCCL. The Board approved an employee stock option plan for up to 7,16,343 options.
Nisus Finance Services Expands Globally: Dubai Fund Advisor Engages Houlihan Lokey for $1 Billion Financing
Nisus Finance Services Co Ltd's Dubai-based fund advisor has engaged Houlihan Lokey to raise up to $1 billion for the Nisus High Yield Growth Fund, focusing on high-yield, rent-generating assets in the Gulf region. NFSCL's stock hit a 5% upper circuit, closing at ₹361.90. The company will hold a virtual investor meet on February 20, 2025, to discuss its UAE market expansion.