Page 2 - Ifc

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

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

Covid-19: IFC to infuse $35 mn in JK Paper to fund its working capital need

The proposed IFC infusion would fund the incremental working capital requirements due to the impact of Covid-19

ETC India to invest $77 mn to ramp its nationwide capacity with IFC backing

ETC India is a wholly-owned subsidiary of ETC Group Ltd (ETG), a strategic client of MAS Agribusiness with investments in Africa and India

MTPL to set up off-highway tyre facility in Gujarat, invest $107 million

World Bank's investment arm IFC to back the project through loan and equity investment

IFC to invest $200 mn in Mahindra Finance to fund MSMEs in poor states

At least $100 million will be earmarked for women-owned micro, small and medium enterprises

Will invest $2-3 billion a year in India, says IFC country head Zhang

Jun Zhang speaks to Business Standard on how IFC views India's growth story. He says the institution will invest $2-3 billion in the country every year in the next few years

Chiratae Ventures to raise $20 mn from International Finance Corporation

World Bank's investment arm said that the proposed transaction is an aggregate $20 million equity commitment in Fund IV