Mumbai, March 28 -- Authum Investment and Infrastructure Ltd has secured the approval of the Reserve Bank of India (RBI) to acquire a 79.28% stake in India SME Asset Reconstruction Co. Ltd (ISARC), a SIDBI-sponsored asset reconstruction company (ARC), the company said in a statement today.

The Rs.260 crore transaction, includes both primary and secondary deals, according to people familiar with the development.

This marks a significant expansion for the non-bank finance company (NBFC) as it deepens its presence in distressed asset management. The acquisition comes at a time when India's ARC sector is undergoing a shake-up, with major global players exiting and banks increasingly favoring state-backed alternatives.

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