Northern Arc Capital files prospectus with India's market regulator for an IPO

Northern Arc Capital files prospectus with India's market regulator for an IPO

A man looks up at an electronic ticker board that indicates stock figures at the Bombay Stock Exchange (BSE) in Mumbai, India, on Friday, Jan. 27, 2017. Photographer: Dhiraj Singh/Bloomberg

Northern Arc Capital Ltd has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise funds via initial public offering (IPO).