Consider the following statements:

1. The assets under management of Asset Reconstruction Companies (ARCs) are expected to grow at eight to nine percent to touch the Rs 2.7 trillion mark by March 2024.

2. It may expand at a slower pace of 5-8 percent in the next financial year (FY25), where the asset base could reach the Rs 1.6 trillion level, according to the CRISIL-Assocham report.

3. Asset Under Management (AUM) stood at Rs 1.38 trillion at the end of March 2023.

4. In FY23, the industry growth was at 17 percent, largely driven by a large transaction of stressed assets being acquired from a bank by an ARC.