UV ARC set to float maiden distressed assets fund

By Beena Parmar

  • 16 Apr 2019
Premium
Credit: Reuters

UV Asset Reconstruction Company Ltd (UV ARC) is planning to float its debut fund for buying distressed assets, a person close to the development told VCCircle. The mid-sized asset reconstruction company is aiming to secure Rs 200-300 crore (around $29-43.5 million) for the investment vehicle from shareholders Punjab National Bank, Central ......

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