IFC invests $30m in Indian vaccine maker Biological E for future Covid vaccines, routine immunisation
IFC said its financing will help increase production of vaccines and, thus, competitiveness of the vaccine market geared toward the developing world, pushing other manufacturers to lower their prices when selling through international groups like Gavi and UNICEF to support country-led immunizations.
Craftsman Automation files IPO papers with Sebi
The IPO comprises a fresh issue of equity shares aggregating up to Rs 150 crore and an offer for sale of up to 45,21,450 shares by promoter and existing shareholders, draft red herring prospectus filed with Sebi showed.
Reall and Tree Line Asia Master Fund invest Rs 77 crore in Bengaluru-based developer Janaadhar India
Tree Line has invested Rs 22.5 crore in equity raising its stake in the company with Reall putting Rs 49.5 crore in debt. Other existing investors have put in another Rs 5 crore between them, senior officials with Janaadhar said.
International Finance Corporation extends USD 4-bn loans to private companies to fight pandemic
IFC's pandemic response is focused on reaching the most vulnerable people in the developing world. In March, IFC committed USD 8 billion in fast track financing to help pandemic-hit private sector companies.
World Bank says India can use funds for vaccine plans
The World Bank’s $1-billion support package to help India fight the novel coronavirus can be used for the country’s Covid-19 vaccine programme, an official of the global financial institution said.
Joyville Shapoorji aims mid-income housing platform complete deployment by March end
The platform has so far invested Rs 870 crore in five projects across Mumbai Metropolitan Region (MMR), Pune, Gurgaon and Kolkata. The platform, as part of its strategy, provides equity capital for land acquisition and the rest of the project is funded through construction finance and customer advances.
House panel for abolition of LTCG tax on investments in startups
India's startup sector welcome the recommendation of abolishing long term capital gains (LTCG) in startup investments.
CDC Group commits $10 million to early-stage technology fund Chiratae Ventures
The fourth fund will focus primarily on early-stage investments and be flexible enough to invest at seed and expansion stages, backing companies in deep-tech, consumer media and tech, software, fintech, and health tech sectors.
IFC commits $10 million investment in Endiya Partners-II
Endiya said its investment strategy addresses a funding gap in the venture capital spectrum in India between Angel and Series A investments, enabling entrepreneurs to find a value accretive partner to further the development of their vision to build a sustainable business model.
Why the world needs more female fund managers
AWE Funds founder says women investors invest in a higher number of women impacting businesses.
Future Lifestyle Fashions to raise over Rs 600 crore from promoters, IFC
The board approved issuance of 51,44,927 equity shares of face value of Rs 2.
IFC eyes 4.5% in Navi Tech for $30 mn
Navi Technologies is in the process of acquiring 100% stake in microfinance company Chaitanya Rural Intermediation Development Services Private Limited, which has a fully owned subsidiary, Chaitanya India Fin Credit Private Limited, which has made an application to the central bank for a universal banking licence.
IFC to invest USD 200 million in Mahindra Finance
"IFC (International Finance Corporation) has invested USD 75 million from its own account and is mobilising another USD 125 million as parallel loans," it said.
Srinivasa Farms gets Rs 130 cr equity from IFC, plans Rs 300 cr expansion
The Hyderabad-based company is the only Indian poultry firm to have obtained equity funding from IFC, which has invested in some 70 poultry ventures across the globe.
PNB Housing raises Rs 690 crore from IFC to push affordable housing
PNB Housing Finance Limited has raised $100 million from the International Finance Corporation to finance affordable housing projects and support the government's Housing for All by 2022 vision.