window._wpemojiSettings = “baseUrl”:”https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72×72\/”,”ext”:”.png”,”svgUrl”:”https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/”,”svgExt”:”.svg”,”source”:”concatemoji”:”https:\/\/www.uniquenewsonline.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=6.4.3″; var breeze_prefetch = “local_url”:”https:\/\/www.uniquenewsonline.com”,”ignore_remote_prefetch”:”1″,”ignore_list”:[“\/wp-admin\/”]; https://www.uniquenewsonline.com/wp-content/plugins/breeze/assets/js/js-front-end/breeze-prefetch-links.min.js https://www.uniquenewsonline.com/wp-includes/js/jquery/jquery.min.js https://www.uniquenewsonline.com/wp-includes/js/jquery/jquery-migrate.min.js https://www.uniquenewsonline.com/wp-content/plugins/wp-automatic/js/main-front.js The Competition Commission of India (CCI) has approved the acquisition of compulsorily convertible preference shares in Northern Arc Capital Limited by the World Bank’s International Finance Corporation (IFC). The proposed combination involves the acquisition of fully paid subscription shares in Northern Arc by the IFC, representing approximately 6 per cent of the total issued and paid-up share capital of Northern Arc on a fully diluted basis. Northern Arc is an unlisted non-banking financial company (NBFC) in India, catering to the diverse retail credit requirements of under-served households and businesses in the country. Its services in the sector include lending, distribution, and asset management. On the other hand, IFC is the World Bank’s arm that helps countries achieve sustainable growth by financing private sector investment, mobilising capital in international financial markets, and providing advisory services to businesses and governments. The acquisition of these preference shares by IFC will not only strengthen Northern Arc’s financial position but will also enable it to expand its reach and services to more under-served households and businesses in India. This move is aligned with IFC’s mission to promote sustainable growth and development in emerging markets. The approval from CCI for this acquisition signifies a positive step towards enhancing financial inclusion and supporting the growth of under-served sectors in the country. With IFC’s backing, Northern Arc is poised to further contribute to the economic development of India by providing necessary financial support to those in need. jQuery(document).ready(function($) !function()const e=document.createElement(“script”);e.async=!0,e.setAttribute(“crossorigin”,”anonymous”),e.src=”//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-9548258067481809″;let t=0;document.addEventListener(“mousemove”,function()1==++t&&document.getElementsByTagName(“HEAD”).item(0).appendChild(e)),window.onscroll=function(n)1==++t&&document.getElementsByTagName(“HEAD”).item(0).appendChild(e),setTimeout(function()0===t&&(t++,document.getElementsByTagName(“HEAD”).item(0).appendChild(e)),5e3)(); https://www.uniquenewsonline.com/wp-content/plugins/theia-sticky-sidebar/js/ResizeSensor.js https://www.uniquenewsonline.com/wp-content/plugins/theia-sticky-sidebar/js/theia-sticky-sidebar.js https://www.uniquenewsonline.com/wp-content/plugins/theia-sticky-sidebar/js/main.js https://www.uniquenewsonline.com/wp-content/themes/zox-news/js/mvpcustom.js jQuery(document).ready(function($) if ($(window).scrollTop() > headerHeight + 50) else if ($(window).scrollTop() > navHeight + 50) previousScroll = scroll; $(this).children(“ul”).toggle(); $(this).toggleClass(“tog-minus”); https://www.uniquenewsonline.com/wp-content/themes/zox-news/js/scripts.js https://www.uniquenewsonline.com/wp-content/themes/zox-news/js/retina.js https://www.uniquenewsonline.com/wp-content/themes/zox-news/js/flexslider.js https://www.uniquenewsonline.com/wp-content/themes/zox-news/js/alp.js https://www.uniquenewsonline.com/wp-includes/js/comment-reply.min.js (function(w,d, s, id) (window,document, ‘script’, ‘webpushr-jssdk’)); window.lazyLoadOptions = ; );var b = document.getElementsByTagName(“body”)[0]; , false); https://www.uniquenewsonline.com/wp-content/plugins/rocket-lazy-load/assets/js/16.1/lazyload.min.js
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