Japan’s SMBC acquires 5.4% stake in Indian NBFC Northern Arc Capital

Passersby are reflected on the company logo of SMBC Nikko Securities Inc in Tokyo January 29, 2013. REUTERS/Shohei Miyano

Japanese multinational bank Sumitomo Mitsui Banking Corporation (SMBC) has acquired a 5.4 per cent stake in Northern Arc Capital Limited, a debt capital platform headquartered in Chennai, according to an announcement.

The deal size, however, could not be ascertained.

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