IIFL, Affirma lead $130 mn investment in Northern Arc2 min read . Updated: 27 Mar 2019, 07:11 AM IST
- the IIFL Special Opportunities Fund has invested in firms such as Nazara and ICICI Lombard
- NSE, Reliance Nippon Life and Bikaji Foods are among its other investments
Mumbai: Northern Arc Capital, formerly IFMR Capital, a debt capital platform for financial institutions serving excluded individuals and businesses, has raised ₹910 crore ($130 million) from IIFL Special Opportunities Fund and Standard Chartered Private Equity (SCPE).
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