 "The much-anticipated provision of the deal value threshold (DVT) under the Competition Amendment Act 2023, notified on Monday, seeks to capture mergers and acquisitions (M&As) where the deal value exceeds Rs 2,000 crore or where the target company ha")
Credgenics, a debt collections technology platform, announced the acquisition of Arrise — a collection service provider — for an undisclosed amount, as the company targets combined annual revenue of ₹850 crore over the next three years.
This is part of the company’s CG Setu initiative. The initiative will have a field fleet of digitally empowered personnel with standard operating procedures. It acts as a bridge between borrowers and lenders.
Credgenics is expected to become a full-stack collections solutions provider with a pan-Indian presence. Its capabilities would include on-field operations across more than 18,000 pin codes, digital collections, voice bots, litigation,
