Some ARCS may tap markets in next two years
Financial Express Mumbai|January 05, 2024
ANUMBER OF asset reconstruction companies (ARC) are likely to come up with initial public offerings (IPOs) in the next two years, said Hari Hara Mishra, chief executive officer at the Association of ARCs in India.
AJAY RAMANATHAN
Some ARCS may tap markets in next two years

"Quite a fewARCs are entertaining the thought of listing. I believe that in the next two years, some ARCS would definitely go to the market because that is where the money is," Mishra said. It is possible for a company with a good performance track record to attract money, he added.

Currently, there is no listed ARC in India. Mishra notes that while there is no bar on listing, some operational issues need to be sorted out before these entities can hit the market. For instance, prior approval of the Reserve Bank of India (RBI) is required to be obtained by a banking company for the acquisition of a 10% or more shareholding in an ARC.An ARC also needs to have such a nod for including any entity as a sponsor.

هذه القصة مأخوذة من طبعة January 05, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 05, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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