Eight Capital plans to sell its 35% stake in J.C Flowers ARC

Eight Capital plans to sell its 35% stake in J.C Flowers ARC

Eight Capital plans to sell its 35% stake in J.C Flowers ARCFeb 3, 2022, 08:01 PM IST

Eight Capital has identified a buyer for its stake and the proposal on it is pending with the Reserve Bank of India for approval. J. C. Flowers ARC is a three-way joint venture between Eight Capital with 35%, London based hedge fund Emso Asset Management with 15% stake and J. C. Flowers & Co with 50% stake.

SUD Life registers 80 pc jump in new business premium to Rs 1,309 crore in Dec quarterFeb 3, 2022, 05:06 PM IST

The company's 13th-month persistency ratio now stands at 78.77 per cent, compared with 76.34 per cent. The solvency as of December 31, 2021, stood at 1.86 times.

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