International Finance Corp to invest $165 mn in Bajaj Finance, Dodla Dairy

IFC will make a $150 mn debt investment in Bajaj Finance Limit and the Dodla Dairy investment is estimated at $15 mn

International Finance Corporation (IFC) is planning to invest around $165 million in Bajaj Finance, a non-banking financial corporation (NBFC) as well as Dodla Dairy.

IFC will make a $150 million debt investment in Bajaj Finance Limited (BFL). The proceeds will be used for lending to Small and Medium Enterprises (SMEs) in low-income states. States. In addition, Bajaj Finance will match IFC’s investment by contributing up to $450 million from its own balance sheet.

BFL is a diversified NBFC registered under the Reserve Bank of India, operating across different business segments - Consumer (40 per cent), Mortgage (28 per cent), SME (13 per