IFC to invest $23 mn in Hyderabad-based breeding firm Srinivasa Farms

The company will use the funds as part of its $83-million investment plan to expand and thereby create over 5,000 jobs directly, besides potentially twice as many along with the value chain

T E Narasimhan Chennai

International Finance Corporation (IFC) plans to invest $23 million in Srinivasa Farms, a move that will support the Hyderabad-based firm's $83-million investment plans.
IFC's investment will be in the form of straight equity or compulsorily convertible preference shares or compulsorily convertible debentures in the company.
The money will help the company expand its existing layer, broiler and breeding operations by setting up additional farms and hatcheries, expand feed mills and add soy refineries, set up a food park, and set up chicken and egg processing businesses.

Also Read

IFC to invest $75 mn in L&T Housing Finance for affordable housing by 2022

Apis Partners to launch new funding round to invest in social impact firms

IFC to invest $5 million in Bizongo, backed by VCs like Accel, IDG Ventures

IFC backs private equity funds in India that are facing rough weather

Faering Capital to launch its new $250-million fund in India

Despite hurdles, Zuckerberg sees huge demand for WhatsApp payments in India

Uber may bid adieu to Google Maps; move to open source ones instead

Why Mukesh Ambani may not be able to repeat a Jio in broadband services

InMobi's challenge to Google, Facebook and the battle of duopoly

L&T's first quarter net up 36% at Rs 12.1 billion, revenue increases by 19%

First Published: Jul 26 2018 | 9:46 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to