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Northern Arc Capital has announced a board meeting on the financial results for the quarter and half-year. It sold part of its stake in FinReach Solutions, lowering its holding from 24.55% to 9.99%, removing FinReach from its associates. The stake sale fetched Rs. 2.5 Cr. FinReach contributed a small loss of Rs. 9.72 lakh (0.31%) to Northern Arc’s performance. The buyer is Caspian SME Impact Fund IV.