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DMI Finance acquires 16% equity in Alchemist

, April 16, 2012, 0 Comments

Non-Banking Finance Company(NBFC) DMI Finance has acquired 16 per cent equity stake in Alchemist Asset Reconstruction Company for an undisclosed sum.

DMI Finance was established in 2009 by Ex Citigroup executives Mr Yuvraj C Singh and Shivashish Chatterjee. With 16% equity stake in Alchemist ARC, DMI Finance has been one of the first foreign entities operating in India to become a sponsor-shareholder in an asset reconstruction company.

Alchemist ARC, is having distinction of the first private sector ARCs in India, which was granted RBI certificate of registration in 2007.

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