Truetide plc
Truetide plc (LSE: TRUE) is trading at £0.03, about ₹4 at today's GBP/INR rate, as of 29 Sep 2026, 3:34 AM ET. Indian residents can buy Truetide from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£0.03
Today's high
£0.03
52 week low
£0.02
52 week high
£0.04
TRUE opened at £0.03, closed previously at £0.03, and has traded between £0.02 and £0.04 over the past 52 weeks.
About
Truetide plc is a private equity and venture capital firm specializing in loan, mezzanine, seed/startup, early venture, late stage, emerging growth, turnaround, distress situations, buyout and growth capital companies. It prefers to invest in materials, industrials, commercial and professional services, consumer discretionary, consumer services, consumer staples, health care, financials, information technology, communication services, engineering services, sporting goods and services, biotechnology, chemicals, networking and telecommunication software, education services, internet software, digital, and media and entertainment. The firm prefers to invest in United Kingdom, Midland Area, Texas, Strathclyde, Humberside, Yorkshire, West Yorkshire, South Yorkshire, North Yorkshire, North Humberside. It invests in both unlisted and listed companies in form of equity and equity-related instruments, including convertible debt instruments in certain circumstances, for unlisted companies, it targets companies at different stage of development, ranging from those which at early stage to trade to those which are expecting to achieve an IPO in the short term. It also seeks a position on the boards of unlisted investee companies. For listed company investments, it targets investment where the Board considers the shares are undervalued but there are opportunities for significant growth which are typically passive investment, although it may take a more active approach if it considers there a need to effect change. The firm will assist the board and management of investee companies, including helping to scale management teams, informing strategy, and assisting with future financing. It takes a minority stake in a business and look for investments where there is a good prospect of an exit in a two-to-five-year period. The firm generally do not make an investment where the expected term is more than five years, other than for seed investments where the exit timing can be indeterminate. The firm acquire investments directly or by way of holdings in intermediate holding or subsidiary entities. It also invests in limited liability partnerships and other forms of legal entity. For early-stage opportunities, initial commitment may be less than GBP 0.1 million ($0.13 million) and maximum of commitment can be excess of GBP 1.5 million ($1.86 million). Truetide plc was founded in 1997 and is based in Barnsley, United Kingdom with an additional office in Glasgow, United Kingdom.
Key statistics
Avg. volume
25.52K
Market cap
£2.43M
P/E Ratio
-5.64
Price-to-sales ratio
18.89
Enterprise value
£1.07M
Free cash flow yield
0.00%
Debt-to-equity ratio
0.00
Return on equity
-19.18%
ROIC
-17.37%
Beta
0.47
Dividend yield
0.00%
Last dividend
£0.00
Financial overview
Revenue
£128.75K
Earnings per share
-£0.01
Free cash flow
£0.00
Net profit margin
-330.07%
Gross margin
46.85%
EBITDA
-£421.87K
Revenue growth
528.06%
How to buy Truetide from India
Indian residents can buy Truetide shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to GBP.
Search for Truetide and place an order
Find Truetide by name or by its ticker, TRUE, and choose an order type. Truetide trades 12:30 pm – 9:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Truetide position in GBP and INR. Truetide pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Truetide from India
Trading and taxes when buying Truetide from India
Trading and limits
- Trading hours
- 8:00 am – 4:30 pm UK
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneTruetide does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- Transaction tax
- The UK charges 0.5% Stamp Duty Reserve Tax when buying direct company shares electronically on the LSE; ETFs and UCITS funds do not attract it.
- Estate or inheritance tax
- May applyShares in UK-incorporated companies are UK-situs assets and fall within UK Inheritance Tax, charged at 40% above the £325,000 threshold for non-residents.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Truetide stock?
Yes. Truetide (TRUE) has been listed on the London Stock Exchange since 2007, in the Asset Management industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to GBP. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Truetide share cost in rupees?
One Truetide share is £0.03 — about ₹4 at a GBP/INR rate of 127.41 on 28 Sep 2026. Both the Truetide price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Truetide from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
How are gains on Truetide shares taxed in India?
Non-residents are exempt from UK capital gains tax on the disposal of listed shares, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the GBP/INR rate on the purchase and the sale date, so the rupee move counts alongside the Truetide price. Paasa issues a capital-gains statement for your return.
Does Truetide pay a dividend?
No. Truetide does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Truetide from India?
The London Stock Exchange trades 12:30 pm – 9:00 pm IST in Indian time. The window shifts to 1:30 pm – 10:00 pm IST when the UK is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Truetide shares held from India?
Shares in UK-incorporated companies are UK-situs assets and fall within UK Inheritance Tax, charged at 40% above the £325,000 threshold for non-residents. It applies to your overall holdings in that jurisdiction rather than to any one position.
Are there transaction taxes when buying Truetide?
The UK charges 0.5% Stamp Duty Reserve Tax when buying direct company shares electronically on the LSE; ETFs and UCITS funds do not attract it. This is charged by the market, not by Paasa.
Do I have to declare Truetide shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Truetide holding, its cost and its closing value.
How do I sell Truetide and bring the money back to India?
You sell during market hours (12:30 pm – 9:00 pm IST) and the proceeds settle in GBP in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.