Northern ARC Capital Ltd News
Northern Arc aims to raise Rs 1,000 cr through alternate investment fund
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. The "Finserv Fund" being launched by the recently listed NBFC's subsidiary Northern Arc Investment Managers (NAIM) will use the money for lending to six varied sectors which will help improve financial inclusion and economic growth, as per an official statement. The six sectors include small businesses, affordable housing, vehicle finance, agriculture finance, microfinance and consumer finance, it said. The AIF is targeting to invest in 45-55 entities across its four-year cycle and deliver an internal rate of return of 14-14.50 per cent to the investors, NAIM chief executive Bhavdeep Bhatt said. The investment strategy focuses on higher risk-adjusted returns and regular investor cash flows by investing in a diversifie
 "Northern Arc aims to raise Rs 1,000 cr through alternate investment fund")
Northern Arc Capital share price rises 5% on strong June quarter results
Shares of Northern Arc, which listed on September 24 on the bourses, surged after reporting strong quarterly results in the June quarter of FY25 (Q1FY25).
 "Northern Arc Capital share price rises 5% on strong June quarter results")
Arkade, Northern Arc, Kross, Western Carriers, Tolins Tyres hit new lows
Stock market crash: Kross share price slipped 6 per cent to Rs 207.50 in the intraday trade today, falling 14 per cent below its issue price of Rs 240 per share
 "Arkade, Northern Arc, Kross, Western Carriers, Tolins Tyres hit new lows")
Northern Arc Capital makes stellar debut, lists at 33% premium on BSE, NSE
Northern Arc Capital shares listed at Rs 351 on the BSE, reflecting a premium of 33.40 per cent against the issue price of Rs 263
 "Northern Arc Capital makes stellar debut, lists at 33% premium on BSE, NSE")
