Aditya Birla Asset Reconstruction Company is winding down its operations in India, joining other fund-backed ARCs exiting due to challenges in the sector. The decline in non-performing loans and preference for government-backed NARCL’s terms have contributed to this trend, highlighting shifting investor interests.
Zaggle Prepaid shares jump 2.5% on Rs 950 crore fundraise plans
In addition to the fundraising approval, the company also announced the appointment of Virat Sunil Diwanji as a Non-Executive, Non-Independent Director. Diwanji is a seasoned
October 31, 2024