IFC Acquires Shares of Northern Arc Capital

  • The Competition Commission of India (CCI) has approved the acquisition of Compulsorily Convertible Preference Shares (CCPS) in Northern Arc Capital Limited by the International Finance Corporation (IFC). 
  • The acquisition involves fully paid Series C CCPS (‘Subscription Shares’) in Northern Arc, representing approximately 6% of the total issued and paid-up share capital of Target. 
  • IFC, an international organization, helps countries achieve sustainable growth by financing private sector investment, mobilizing capital in international financial markets, and providing advisory services.
Posted in Current Affairs.