Northern Arc Capital

IPO Watch: Northern Arc’s mix of lending services offers long-term play

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IPO Watch: Northern Arc’s mix of lending services offers long-term play

ET Intelligence Group: Northern Arc Capital (NACL), a mid-tier pan-India diversified nonbanking finance company (NBFC), plans to raise ₹500 crore through fresh equity to augment capital base and ₹277 crore through an offer for sale by some of the existing investors. Being a professional setup, the company has no promoter. The collective stake of selling … Read more

Northern Arc Capital mobilises Rs 229 cr from anchor investors ahead of IPO

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Northern Arc Capital mobilises Rs 229 cr from anchor investors ahead of IPO

Non-bank financial institution Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors, days before the opening of its share-sale for public subscription. SBI General Insurance Company, SBI Life Insurance Company, Reliance General Insurance Company, Kotak Mahindra Life Insurance Company, Goldman Sachs (Singapore) Pte, Societe Generale, and Quant Mutual Fund … Read more