News From Press Northern Arc aims to raise Rs 1,000 cr through alternate investment fund

Northern Arc aims to raise Rs 1,000 cr through alternate investment fund

Source: Business Standard Oct 8, 2024

Non-bank lender Northern Arc on Monday said one of its arms is aiming to raise Rs 1,000 crore in an alternate investment fund (AIF). The category II AIF aims to raise Rs 1,000 crore, and has the scope to raise an additional Rs 500 crore through the green shoe option.

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