Indian debt platform Northern Arc Capital raises $50m from Japan's JICA

Indian debt platform Northern Arc Capital raises $50m from Japan's JICA

Indian coins and currency notes displayed against a white background. Photo: rupixen/unsplash

Northern Arc Capital, a debt platform, on Tuesday announced that it has concluded a $50 million (about ₹365 crore) external commercial borrowing (ECB) transaction with the Japanese International Cooperation Agency (JICA), the company said in a statement. JICA is Japan’s governmental agency that works towards promoting economic and social growth in developing countries.

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