Northern Arc Capital Limited
Cohesion MK Best Ideas bought 13,49,000 shares of Northern Arc Capital Limited for ₹37.50 Cr at ₹278.00 apiece in a block deal.
A non-banking financial company that provides retail loans to underserved households and small businesses across India. Northern Arc Capital Limited, founded in 2009, focuses on lending to borrowers with limited access to traditional banking services. The company operates through a diversified portfolio of loan products designed to meet the specific financial needs of its target customers in both urban and rural markets throughout the country.
Launched August 2020 by Cohesion Asset Management (Abu Dhabi) in partnership with Madhusudan Kela, "the King of the Multi-Bagger" who scaled Reliance MF's equity business from ~USD 20 m to ~USD 60 bn. Concentrated 20 to 25 stock portfolio that gives global investors access to Kela's high-conviction Indian equity picks.
