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  • DMI Finance acquires 16% stake in Alchemist ARC

DMI Finance acquires 16% stake in Alchemist ARC

  • Published on: 2 Apr 2012
  • Last updated on: 28 Oct 2024
  • Post Views: 6427

DMI Finance, an NBFC founded by former Citigroup employees Shivashish Chatterjee and Yuvraj C Singh, has acquired 16% stake in Alchemist Asset Reconstruction Company. The financial services firm has been valued at 200 crore, according to industry executives familiar with the development.

Both DMI Finance and Alchemist confirmed the acquisition but declined to divulge the deal size or the valuation.

Source: The Economic Times

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