The proposed subsidiaries, subject to applicable regulatory and statutory approvals shall, interalia, be engaged in the following activities:

(i) Asset Reconstruction Company (ARC);
(ii) Investment Manager and/or Sponsor for setting up of a Category III Alternate Investment Fund;
(iii) Insurance Broking (life and non-life); and
iv) Information Technology services, including LOS, LMS, and a digital marketplace.

Out of the total approved investment, the regulatory minimum capital requirement for setting up an ARC is expected to be Rs 300 crore, to be infused in accordance with applicable regulations.