Nexus-backed organic farming co Suminter India to raise Rs 150 cr from IFC

IFC's investment to help co expand across Madhya Pradesh, Rajasthan, Odisha, Maharashtra, Karnataka

Nexus India-backed Suminter India Organics Pvt Ltd will receive an investment of about Rs 150 crore from International Finance Corporation (IFC) and other investors. The company is engaged in sourcing, processing and exporting of certified organic products from India.

The total project cost is estimated to be approximately Rs 150 crore, out of which up to Rs 130 crore would be contributed by way of equity in the company by IFC and other investors (of which up to Rs 130 cr is being contributed by IFC). 

The balance of Rs 20 crore is proposed to be funded through a mix