Asset Reconstruction Company (India) Ltd (Arcil), India’s second-largest ARC, is launching an IPO with existing shareholders selling a 32.57% stake. Avenue Capital Group will significantly reduce its holding, while SBI and a GIC affiliate will also offload shares. Arcil, backed by prominent banks, reported a net profit of Rs 355.31 crore for fiscal year 2025.
Sensex, Nifty to extend gains on Monday? 5 factors to guide D-St
Indian stock markets are poised for a strong opening, extending Friday’s gains as GIFT Nifty surged. Optimism surrounding a potential resolution to the Iran-US conflict