DMI Finance, an NBFC founded by former Citigroup employees Shivashish Chatterjee and Yuvraj C Singh, has acquired 16% stake in Alchemist Asset Reconstruction Company. The financial services firm has been valued at 200 crore, according to industry executives familiar with the development.

Both DMI Finance and Alchemist confirmed the acquisition but declined to divulge the deal size or the valuation.

Source: The Economic Times