DMI Finance-backed ARC to launch $27 mn maiden distressed asset fund

Non-bank lender DMI Finance-backed Alchemist Asset Reconstruction Company (ARC) Pvt Ltd has planned to launch its maiden alternative investment fund (AIF) to raise around Rs 200 crore (approximately $27.4 million) in two series, a senior executive told VCCircle.  “The sponsor group of Alchemist ARC i.e. the Dhir family, is in the ......