Rare ARC seeks to aggregate Coffee Day Global loans https://ift.tt/QTGECSy Asset Reconstruction Company plans to become the top lender by buying Cafe Coffee Day chain operator's loans. Rare ARC is said to have offered to pay upfront 60-65% of the outstanding dues. Last week, Rare ARC acquired a loan of Coffee Day Global worth Rs 110.4 crores for Rs 68 crore. CCD has a debt of Rs 960 crores as of 2022.
NSE IFSC-SGX Connect may be fully operational by June https://ift.tt/XC89Iks this connectivity, global investors who are clients of SGX will be able to trade in Indian derivatives market remotely without having to set up a shop in India. Currently, only a few trades are being executed through the route.
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