Sunday, May 19, 2024

FII- Nexpact Ltd Picks up Stake in ARC Finance Ltd

Nexpact Ltd., an FII, purchased  2,55 000 shares through bulk deal on BSE at a price of Rs. 52.70 in BSE listed ARC Finance Ltd,(BSE: 540135) a NBFC, Non Deposit taking Non Banking Finance Company engaged primarily in the business of advancing loans and investing/trading in securities. The company had earlier informed the BSE that in its board  meet it has approved proposal for sub division of equity shares of Rs.10 each to Re.1 each.

The Company has been able to give the significant upward performance in terms of Sales, Profitability from the last five years. The financial parameters of the company are the indicators of its performance and the company has been able to outshine and stand among the other players in the Finance Industry.

finance company  offers loans in various segments including small  and large scale industries  for affordable rates. The company  is also offering Micro finance loans in different sectors. 

Company offers loans to the customers for there expansions of business and widely operates in very large scale in terms of financing and rendering financial services to there customers. The company operates from branches in urban, semi-urban & rural
areas of Maharashtra and Gujarat, Eastern India, etc. with own offices, direct selling agents and business partners.

ARC has a strong Loan book too, which it is planning to increase. As per a recent survey, Non-banking finance companies (NBFCs) continue to grow in the personal loan (PL) segment in volume terms, doubling their market share in the last two years up. Also this helps in expanding their borrower base rapidly and provides cross-sell opportunities for other financial products & services. With the Budget laying thrust on infra related sector, ARC can  benefit as its loan and financing to infra sector may improve substantially.

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