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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
Finance Minister Nirmala Sitharaman meets World Bank President Ajay Banga Finance Minister Nirmala Sitharaman met World Bank Group President Ajay Banga on Wednesday, and discussed deepening of partnership to secure tangible outcomes at the G20 Leaders’ Summit scheduled to take place in September. "Union Finance Minister Smt. @nsitharaman and World Bank Group @WorldBank President, Mr. Ajay Banga, today in New Delhi. President @WorldBank congratulated the Union Finance Minister for the successful G20’s 3rd Finance Ministers and Central Bank Govern...
Finance Minister Nirmala Sitharaman meets World Bank President Ajay Banga
Finance Minister Nirmala Sitharaman meets World Bank President Ajay Banga
Source: IANS
20/07/2023 9:49:44 AM
JK Tyre records all-time high revenues, up by 22% & Profit up by 31% Indian Tyre Industry major, JK Tyre & Industries Ltd. announced its annual audited financial results for FY2023. The Board has recommended a dividend @ 100% (Rs.2 per share having face value of Rs.2 each) Commenting on the results, Dr. Raghupati Singhania, Chairman and Managing Director (CMD), said, “JK Tyre has achieved highest ever revenues of Rs.14,681 crore during FY2023, registering a growth of 22%. This is on account of growth in domestic demand witnessed in key segments...
JK Tyre records all-time high revenues, up by 22% & Profit up by 31%
JK Tyre records all-time high revenues, up by 22% & Profit up by 31%
Source: PR Agency
18/05/2023 5:57:45 PM
FM Nirmala Sitharaman to embark on US tour from April 10; to attend World Bank Group, IMF meets Finance Minister Nirmala Sitharaman will embark on an official visit to the US from April 10, where she will be attending the 2023 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF). She will also be attending the G20 meetings and other associated meetings, which are scheduled to take place from April 10 to April 16. The meetings will take place in the WBG and IMF headquarters in Washington DC. The Spring Meetings will be attended by finance minis...
FM Nirmala Sitharaman to embark on US tour from April 10; to attend World Bank Group, IMF meets
FM Nirmala Sitharaman to embark on US tour from April 10; to attend World Bank Group, IMF meets
Source: IANS
9/04/2023 8:46:45 AM
HomeFirst raises INR 280 Crs from IFC, a member of World Bank Group. HomeFirst has further diversified its borrowing sources with the latest fund raise from IFC, through the issuance of INR denominated, senior secured, rated, unlisted, redeemable Non-Convertible Debentures with a tenor of up to seven years. The proceeds will be utilized to provide financing for retail buyers of affordable housing and green affordable housing units, encouraging home ownership for low-income segments, and supporting the development of green affordable housing. Under th...
HomeFirst raises INR 280 Crs from IFC, a member of World Bank Group.
HomeFirst raises INR 280 Crs from IFC, a member of World Bank Group.
Source: PR Agency
24/12/2022 3:11:47 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 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
Nirmala Sitharaman urges World Bank Group to sustain crisis response to mitigate Covid-19 impact Finance Minister Nirmala Sitharaman has urged the World Bank Group (WBG) to explore the possibility of sustaining crisis response keeping in mind debt sustainability of vulnerable countries amid surge in COVID-19 cases. She also appreciated the pro-active role played by the WBG in helping developing countries get access to vaccines in a timely and affordable manner in coordination with other multilateral agencies like WHO and GAVI (Global Vaccine Alliance). The WBG, she observed, has stepp...
Nirmala Sitharaman urges World Bank Group to sustain crisis response to mitigate Covid-19 impact
Nirmala Sitharaman urges World Bank Group to sustain crisis response to mitigate Covid-19 impact
Source: Accord Fintech
12/04/2021 9:51:20 AM