Northern Arc Capital Limited
Ashoka WhiteOak bought 6.21 lakh shares of Northern Arc Capital Limited for ₹17.26 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.
India equity vehicle of WhiteOak Capital, the Singapore-headquartered manager founded in 2017 by Prashant Khemka, former CIO of Goldman Sachs Asset Management's India Equity and Global Emerging Markets businesses. WhiteOak group manages USD 10.8 bn (~Rs 96,000 cr) across SMAs and funds. Ashoka India Opportunities Fund ranks as the best-performing India UCITS fund since 2018 inception.