IFC Investment

The Delhi NCR-based developer will use the funds to develop mid-income and ESG-aligned housing projects, repay Rs 470 crore of debt, and strengthen its balance sheet

JBM Ecolife Mobility secured $100 million from IFC to deploy 1,455 electric buses in Maharashtra, Assam, and Gujarat, marking IFC's first capital investment in Asia's e-bus sector

IFC, a member of the World Bank Group, on Thursday committed Rs 460 crore to IndiGrid to build India's largest standalone battery energy storage system project in Gujarat. The project is designed to play a key role in supporting the state's clean energy goals by enhancing grid stability and ensuring reliable power is available during peak demand, a joint statement said. The long-term financing of USD 55 million (about Rs 460 crore) will be through a subscription to listed non-convertible debentures, with USD 38.5 million from IFC's own account and USD 16.5 million in concessional support from the Clean Technology Fund, one of the multi-donor trust funds under the World Bank-hosted Climate Investment Funds framework. IFC Regional Director for South Asia Imad N Fakhoury said, "Expanding access to reliable, affordable electricity is central to development and IFC's mission in emerging markets. Battery energy storage is critical for diversifying India's energy mix and ensuring clean pow

India's warehousing sector is crucial for economic growth, supporting e-commerce, manufacturing, and the seamless movement of goods across industries, said Imad Fakhoury, IFC's Regional Director

It's the largest syndicated multi-currency transaction by a private sector NBFC, says company

Demand for trade finance far outpaces supply, especially in emerging markets, with the global trade finance gap last estimated at $2.5 trillion, according to a report from the Asian Development Bank

IFC, a member of the World Bank Group, has committed USD 400 million (about Rs 3,300 crore) to help expand access to finance for customers opting to buy EVs and energy efficient consumer goods as well as support women-owned microenterprises. This USD 400 million support is part of the USD 1 billion fundraising exercise by Bajaj Finance Ltd (BFL). The funding aims to increase competitiveness in the climate finance market, support the country's climate goals, and promote financial inclusion, a joint statement said on Wednesday. IFC's USD 400 million loan will enable BFL to expand access to finance for customers opting to buy EVs, including two-wheelers, three-wheelers and four-wheelers, and strengthen its presence in the energy efficient consumer goods (EECG) space. "Accelerating climate financing is crucial for India to meet its net-zero goals. IFC's investment in Bajaj Finance will boost market competition, inspiring other NBFCs and investors to expand their financing for ...

International Finance Corporation (IFC), the private sector financing arm of the World Bank Group, on Monday committed USD 105 million (about Rs 870 crore) to Brookfield's Bikaner Solar Power project through long-term non-convertible debentures. These debentures have been allocated to the project's special purpose vehicles, IFC said in a statement. The 550 MW solar power project in Bikaner, Rajasthan, will help boost India's renewable energy capacity and support climate goals, IFC said in a statement. Following its commitment, Brookfield will provide solar power to commercial and industrial (C&I) consumers across India at more competitive tariffs through long-term power purchase agreements (PPAs) and contribute to the nation's decarbonisation goals, it said. This is IFC's first investment in Asia and the Pacific using an innovative hybrid offtake structure where the project sells the power generated to C&I consumers under long-term corporate PPAs and merchant market via ...

IFC typically provides commercial financing priced at market rates

In a Q&A, Srivatsan Iyer talks about his firm's expansion plans in new segments and what the equity investment by KKR means for the company

Since its establishment in 1956, IFC has invested more than $321 billion in emerging markets

This is nearly half of its investment in the whole of South Asia since the pandemic, which touched USD 3.8 billion as of June 2021, it said.

Singaporean investment giant Temasek Holdings and the World Bank arm IFC have infused an additional Rs 220 crore or $29.5 million into leading online education platform Upgrad

Online up-skilling platform Upgrad has concluded another funding round of about Rs 290 crore from the World Bank arm IFC

International Finance Corporation (IFC) is a World Bank Group entity

Endiya Partners is a seed and early-stageventure capital firm investing in IP-led Indian product start-ups that are globally relevant

The proposed IFC infusion would fund the incremental working capital requirements due to the impact of Covid-19

IFC to pump in another $125 million in the company

This will be part of the $26 million the company plans to use to expand its cotton business in Sub-Saharan Africa (SSA) and its rice and eggplant business in Asia

The proceeds will be used for lending to small road transport operators and MSMEs in rural and semi-urban areas in low-income states