ARCIL IPO: Avenue Capital-backed ARCIL files IPO draft papers with Sebi; GIC to exit, SBI to pare stake

Asset Reconstruction Company (India) Ltd (ARCIL), backed by Avenue Capital Group, has filed its DRHP with Sebi for an IPO consisting entirely of an offer for sale of up to 10.54 crore equity shares by existing shareholders like Avenue Capital, SBI, Federal Bank, and GIC. https://ift.tt/0OanBrf