Page 2 - Ifc

World Bank arm IFC to invest Rs 600 cr in M&M's new last-mile mobility firm

Deal values newly incorporated company at Rs 6,020 cr; the investment, which will be in the form of compulsory convertible instruments, will give IFC an ownership of 9.97-13.64% in the enterprise

IFC to invest Rs 600 cr in Mahindra & Mahindra's new last-mile EV firm

Global development institution IFC will invest Rs 600 crore in a new last-mile mobility (LMM) company, a wholly-owned subsidiary of Mahindra & Mahindra that will be newly incorporated (NewCo), it announced on Wednesday.

The Bank doesn't mean the World to anyone

Ajay Banga is tipped to become World Bank president in the wake of his two immediate predecessors leaving behind unfinished terms and at a time the Bank's role is once again under question

IFC invests Rs 300 cr in agro-chemical firm Crystal Crop Protection

Agro-chemical firm Crystal Crop Protection Ltd on Wednesday said it has raised Rs 300 crore from IFC to fund its expansion and growth plans. International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. According to a statement, the "investment of Rs 300 crore (approx USD 37 million) by IFC and IFC Emerging Asia Fund (EAF)" will help Crystal Crop to boost farm productivity, reduce supply chain disruptions, and set up a robust infrastructure for sustainable production of crop protection products. The statement did not mention the dilution of stake by Crystal Crop for raising this equity fund from IFC. The project will increase farmers' access to customised, affordable, and environment-friendly crop protection products. The IFC Emerging Asia Fund, launched in 2016, makes equity and equity-like investments across all sectors in emerging markets in Asia alongside IFC. The ...

IFC, PayU invest Rs 114 cr in Vayana Network to boost trade credit to MSMEs

Vayana Network as part of its Series C round had already raised Rs 283 crore from new and existing investors

Pandemic has IFC pumping $1.7 billion into local companies, up 51%

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.

IFC lends $250 million to HDFC Ltd to boost green housing finance

Green housing is regarded as a luxury market in the country, but has climate benefits. IFC said its partnership with HDFC would help change perceptions about the market.

IFC lends USD 250 mn to HDFC to promote affordable green housing finance

International Finance Corporation, a private sector investment arm of the World Bank Group, has decided to provide loan of $250 million to promote affordable green housing finance

IFC invests $16.5 mn in MedGenome to increase Covid-19 testing in India

International Finance Corporation, member of the World Bank Group, is investing $16.5 million in genetic diagnostics and research company MedGenome to increase access to Covid-19 testing in India

Federal Bank to raise Rs 916 cr in equity capital from IFC, affiliates

Seeks shareholders nod for extra Rs 4,000 cr in equity capital

IFC plans to invest about $20 mn in PE Faering Capital's Faering III fund

International Finance Corporation (IFC) has proposed an equity investment up to $20 million into Faering Capital International Growth Fund III or Faering III

IFC proposes $50mn debt finance for Thar Surya solar power project

International Finance Corporation (IFC) plans to debt finance the construction of Thar Surya 1 Pvt Ltd's 300 MW solar power project in Bikaner, Rajasthan by $50 million

Tabreed, IFC to invest $400 mn for cooling infra in India, Southeast Asia

The JV will invest in district cooling, trigeneration and cooling as a service offering with a primary focus on India followed by other South-East Asian countries

RBI Monetary Policy: Resident individuals can make remittances to IFCs

RBI Monetary Policy: The Reserve Bank has announced that resident individuals can make remittances to international finance centres for purposes of investing in securities issued by non-resident companies. Watch the video.

World Bank's IFC to invest $45 million equity in upGrad Education

upGrad has almost doubled its users in six months and aims to touch 10 lakh by the end of 2021

IFC to fund Parag Milk's working capital needs, long-term expansion plans

Parag was established in 1992 and is one of India's largest dairy companies

IFC and its fund to invest $76 mn in Puravankara affordable housing

Two of the four projects being funded are planned in Kochi and Bengaluru, with saleable area of 4.5 mn sq ft. About 4,000 housing units will be built in next 5-7 seven years

IFC to support Netafim India's capex & working capital requirements

The proposed $75 million long-term financing will be in the form of Non-Convertible Debentures

World Bank's IFC adopts climate rules to deter lenders from backing coal

IFC, which owns equity stakes in many large commercial banks in emerging markets, hopes the restrictions will trigger other investors to exit the coal sector

IFC to back BioE Ltd's pipeline of vaccines, including for Covid-19

The company will raise $30 mn from IFC to support the proposed expansion plan for its pipeline of vaccines and pharma products, besides playing a role in expediting Covid-19 vaccine development