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Northern Arc raises Rs 910 cr from IIFL Asset, SCPE & Affirma Capital

Early investors including Dvara Trust, LeapFrog Investments and Accion will partially sell their stake in the company, but will however continue to stay invested

Topics
Northern Arc Capital  |  Ifmr Capital

TE Narasimhan  |  Chennai 



Sovereign wealth funds tread cautiously; India holdings hit 22-month low

(formerly IFMR Capital) has raised Rs 910 crore from IIFL Special Opportunities Fund & its Series managed by IIFL Asset Management Limited, SCPE (Standard Chartered Private Equity) and Affirma Capital, a newly formed, independent private equity firm to be managed by the team at SCPE.

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First Published: Tue, March 26 2019. 15:04 IST

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