Northern Arc Capital Limited has informed the Exchange about General Updates-Revised Update on Dilution of stake of M/s Finreach Solutions Private Limited
NORTHARC · price
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Awaiting price reaction for this filing.
Northern Arc Capital has sold part of its holding in associate company FinReach Solutions, reducing its stake from 24.55% to 11.16%. As a result, FinReach will no longer be classified as an associate of Northern Arc. The transaction was executed on April 10, 2025, with an expected completion date of May 12, 2025, and the total consideration received was Rs. 2.5 crores. The buyer is Caspian SME Impact Fund IV, a SEBI-registered Category II Alternative Investment Fund, which is not related to the promoter group. FinReach contributed a loss of Rs. 216.08 lakhs (0.68% of total) and had nil net worth in the last financial year. The filing is a revised version correcting typographical errors from the earlier submission on May 12, 2025.
This is a minor divestment from a loss-making associate and is unlikely to materially affect Northern Arc's financials or stock price. Shareholders may see this as a step to exit non-core, underperforming investments.