News

India`s Federal Bank raises 9.59 billion rupees from IFC via preferential issue  India's Federal Bank has raised 9.59 billion Indian rupees ($116.92 million) via preferential issues of shares to the International Finance Corporation (IFC), a member of the World Bank Group. The shares were issued at a price of 131.91 per share and were approved by the board on Friday, the bank said in a notification to exchanges. Post the acquisition, IFC and related entities will hold equity of nearly 8% in the bank. Separately, the bank's board also approved the ra...
India`s Federal Bank raises 9.59 billion rupees from IFC via preferential issue
India`s Federal Bank raises 9.59 billion rupees from IFC via preferential issue
Source: Reuters
21/07/2023 12:33:01 PM
World Bank`s IFC to invest about $73 million in Mahindra`s last mile mobility unit Indian automaker Mahindra and Mahindra Ltd said on Wednesday that World Bank's private investment arm, International Finance Corp (IFC), will invest 6 billion rupees ($72.58 million) in the company's last mile electric mobility unit. The investment, which will be in the form of compulsory convertible instruments, will value the unit at 60.20 billion rupees. IFC will own about a 9.97%-13.64% stake in the newly formed company. The new unit will house the last mile mobility divisio...
World Bank`s IFC to invest about $73 million in Mahindra`s last mile mobility unit
World Bank`s IFC to invest about $73 million in Mahindra`s last mile mobility unit
Source: Reuters
22/03/2023 12:45:05 PM
FM Nirmala Sitharaman seeks enhanced lending from International Finance Corporation Finance Minister Nirmala Sitharaman on Monday underlined India's expectations of getting enhanced lending from the International Finance Corporation (IFC) to the tune of $2-2.5 billion in the next one to two years and up to $3-3.5 billion in the next three to four years. She raised these expectations during her meeting with IFC's Managing Director Makhtar Diop, who called on her. Diop discussed IFC's lending footprint in India, especially in the areas of micro small and medi...
FM Nirmala Sitharaman seeks enhanced lending from International Finance Corporation
FM Nirmala Sitharaman seeks enhanced lending from International Finance Corporation
Source: IANS
20/09/2022 9:40:59 AM
IFC makes equity investment in Federal Bank to promote green recovery Global funding agency International Finance Corporation (IFC), along with its associated entities, has made equity investment in Federal Bank to promote green recovery. The investment is expected to improve access to finance for the small businesses. "Increased financing for climate-friendly projects as well as more financing for small businesses to help accelerate India's economic recovery from Covid-19 are expected in the wake of a $126 million (Rs 916 crore) equity investmen...
IFC makes equity investment in Federal Bank to promote green recovery
IFC makes equity investment in Federal Bank to promote green recovery
Source: IANS
30/07/2021 9:30:57 AM
IFC to lend $150M to Kerala Infrastructure Investment Board International Finance Corporation (IFC) part of the World Bank group plans a green financing package of $150 million to the Kerala Infrastructure Investment Fund Board (KIIFB). KIIFB is an infrastructure funding agency wholly owned by the Kerala State and mandated with appraising, financing, and monitoring the construction of a portfolio of the State's infrastructure projects. The loan tenor is up to 10 years with a two-year grace period. IFC may mobilise around $50 million from par...
IFC to lend $150M to Kerala Infrastructure Investment Board
IFC to lend $150M to Kerala Infrastructure Investment Board
Source: IANS
11/06/2021 10:20:43 AM
International Finance Corporation plans to lend $50M for Rabobank India International Finance Corporation (IFC) part of the World Bank group plans to lend up to $50 million to Rabobank India, the Indian branch of Netherlands-based Rabobank. According to IFC, the loan will be of five year tenor and it aims to support Rabobank India's efforts to expand its lending programme to climate smart agriculture (CSA) and renewable energy projects. The IFC and Rabobank India are also in discussions on the former's advisory services aiming to assist the latter i...
International Finance Corporation plans to lend $50M for Rabobank India
International Finance Corporation plans to lend $50M for Rabobank India
Source: IANS
31/05/2021 11:03:48 AM
IFC to invest $15M in South Asia Growth Fund II International Finance Corporation (IFC) part of the World Bank Group plans to invest up to $15 million in South Asia Growth Fund II, L.P (SAGF II) focussed on investing in companies focussed on clean energy. According to IFC, it is proposing to invest up to $15 million, capped at 20 per cent of aggregate commitments, with an equivalent amount of co-investment envelope, in SAGF II. The Fund, a limited partnership organized under the laws of Province of Ontario, Canada is targeting $200 m...
IFC to invest $15M in South Asia Growth Fund II
IFC to invest $15M in South Asia Growth Fund II
Source: IANS
21/05/2021 12:32:10 PM
IFC to invest $15M in Seabright IV L.P/Prime Venture Partners International Finance Corporation (IFC) part of the World Bank group is planning an equity investment up to $15 million in Seabright IV, L.P (the "Fund", operating as Prime Venture Partners). The IFC also plans another $15 million as a co-investment envelope to invest alongside the Fund. The Fund will invest primarily in companies focused on India. According to IFC, the Fund will focus primarily on seed to series-A stage investments in Indian technology-enabled companies. ...
IFC to invest $15M in Seabright IV L.P/Prime Venture Partners
IFC to invest $15M in Seabright IV L.P/Prime Venture Partners
Source: IANS
29/04/2021 10:49:33 AM
IFC loan to increase Bajaj Finance`s lending to women led MSMEs International Finance Corporation (IFC) part of the World Bank Group has proposed to loan up to $150 million to Bajaj Finance Ltd. According to IFC, the proposed $150 million senior loan for up to five years to Bajaj Finance will enable the company to expand its lending to micro, small and medium enterprises (MSME) and women owned MSMEs. Bajaj Finance will increase its lending to MSME segment to about $600 million. Headquartered in Pune, Bajaj Finance part of the Bajaj Group is the t...
IFC loan to increase Bajaj Finance`s lending to women led MSMEs
IFC loan to increase Bajaj Finance`s lending to women led MSMEs
Source: IANS
21/04/2021 10:17:19 AM
IFC plans to invest about $20 mn in PE Faering Capital`s 3rd fund International Finance Corporation (IFC) has proposed an equity investment up to $20 million into Faering Capital International Growth Fund III or Faering III. According to IFC, the investment is subject to a cap of 20 per cent of the final fund size of Faering III, a mid-market private equity (PE) fund focused on growth equity transactions in India. The fund is targeting a total commitment of $300 million and will be managed by Faering Capital Advisors LLP. IFC will not be the single...
IFC plans to invest about $20 mn in PE Faering Capital`s 3rd fund
IFC plans to invest about $20 mn in PE Faering Capital`s 3rd fund
Source: IANS
14/04/2021 1:41:22 PM
IFC proposes to invest $100 mn in Hero Fincorp`s secured debt International Finance Corporation (IFC) plans to invest $100 million in secured debt of Hero Fincorp Ltd belong to the Hero Group. Hero Fincorp is primarily into financing of two-wheeler purchases, loans to micro, small and medium enterprises (MSME), personal loans, used car purchase loans and corporate loans, IFC said. According to IFC, the proposed investment will enable Hero Fincorp to expand is loan book across its business verticals. The company will also deploy three times its ...
IFC proposes to invest $100 mn in Hero Fincorp`s secured debt
IFC proposes to invest $100 mn in Hero Fincorp`s secured debt
Source: IANS
10/04/2021 12:30:03 PM
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. Apart from lending $50 million, IFC will also mobilise $100 million debt through parallel lenders. According to IFC, the total solar power project cost is estimated at $200 million. The solar power project is sponsored by Enel Green Power India, one of the step-down subsidiaries of Enel Green Power S.p.A., an exi...
IFC proposes $50mn debt finance for Thar Surya solar power project
IFC proposes $50mn debt finance for Thar Surya solar power project
Source: IANS
10/04/2021 11:10:34 AM