Yet another ARC to shut shop, this time an Aditya Birla joint venture

October 31, 2024

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.

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Tech View: Nifty eyes 24,050 as next target; support at 23,550 from put writing. How to trade on Thursday

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