Exclusive advisor to IARC

09 Apr

Exclusive advisor to IARC

IARC was set up in 2002 by Arun Duggal, a former managing director and chief executive officer of Bank of America in India, along with former State Bank of India chairman M.S. Verma. IARC is backed by HDFC Bank Ltd, Tata Capital Financial Services Ltd, ICICI Bank Ltd, City Union Bank Ltd, FMO Netherlands and Standard Bank Plc., UK, as institutional shareholders and has assets of around Rs1,500 crore under management. Merisis Advisors was the exclusive advisor to IARC on this transaction