You are here: Home » PTI Stories » National » News
Business Standard

Incofin, ResponsAbility invest USD 20 mn in SLCM

Press Trust of India  |  New Delhi 

Incofin Investment Management and ResponsAbility AG have invested USD 20 million in post harvest agri-logistics and financing group Sohan Lal Commodity Management (SLCM).

"The investment has been made possible by secondary minor stake sale by existing investors Everstone Capital, Mayfield Advisors, Nexus Venture Partners and Emerging Fund of Positron was the sole advisor for this investment," a company statement said.

Positron Consulting Services announced facilitating the investment in Sohan Lal Commodity Management.

Aditya Bhandari, Co-Head Asia, Incofin Investment Management said, "We are excited about the disruption that SLCM is creating in the agri space, especially with its own NBFC. We hope to assist the team in unlocking value from the financing verticals, both in and Myanmar."

Sarah Djari, Investment Director, ResponsAbility said, "We are delighted to accompany SLCM's development in and abroad."

Incofin Investment Management is an international impact investor with more than 15 years of track record in promoting financial inclusion, particularly in rural areas and in the agricultural sector.

ResponsAbility AG manages over USD 3 billion in development and offers professionally-managed investment solutions to private, institutional and public investors.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, March 19 2017. 14:02 IST