World Bank arm IFC eyes Rs 170-crore investment in Lenskart
IFC is looking to invest up to $25 million or Rs 170 crore in Lenskart Solutions according to a disclosure on the firm’s website.
CSR gets innovative with street plays for truck drivers, stock exchange bells for women
India is among the few countries to have a law requiring a large number of companies to mandatorily spend a portion of their profits on CSR (corporate social responsibility) activities.
Reliance to acquire 65% stake in IFC for Rs 1,105 crore
The remaining 35 per cent of IFC continues to be held by the Maker Group.
In-flight services from October: Here’s what you may have to pay
The pricing and packaging of the IFC services would be important factors that decide its success.
IFC plans $6 billion investment in India
"Over the next five years until 2022, we will be investing $5 billion to $6 billion on climate change-led initiatives,” said Jun Zhang, India country head, IFC.
IFC bets on green power, invests $15 million in CleanMax Solar
This is IFC's first equity investment in grid-connected distributed generation globally, an official statement stated today.
IFC raises $250 million 'masala' bonds
Those securities christened as “masala bond’ have offered 6.45% rate with three and a half year maturity.
Capital First to raise $50 million from IFC
The funding will be used for lending to women-owned small and medium enterprises, IFC said in a disclosure.
IFC, HDFC to create $800 million affordable housing fund
To create this fund, IFC will pump in $200 million by subscribing to masala bonds, rupee-denominated instruments, issued by HDFC and to be listed on the London Stock Exchange.
Bandhan raises Rs 1020 crore from IFC, Singapore's GIC and SIDBI
GIC has invested Rs 640.87 crore while IFC has pumped in Rs 344 crore into Bandhan, India's first microfinance lender to get an in-principle approval to set up a bank. Sidbi has invested Rs 35 crore afresh.
Yes Bank raises close to $50 million green bond
Yes Bank will invest the proceeds from these bonds in energy efficiency projects and renewable energy projects mainly in the solar and wind sectors.
Watching Air India stake sale process 'closely', may get involved at later stage: IFC
IFC, part of the World Bank Group, made it clear that it is currently not involved in the Air India disinvestment process.
IFC invests $35 million in PFS' non-convertible debentures
IFC, a World Bank group member, today said it has invested $35 million in the 10-year non-convertible debentures of PTC India Financial Services(PFS).
IFC to invest $125m in Mahindra Group Cos
The investments are aimed at improving access to finance for the underserved farmers and agro-related small enterprises in rural and semi-urban areas through MMFSL.
Mahindra Lifespace, IFC partner to develop multiple industrial parks in India
The proposed industrial parks will support to the ‘Make In India’ initiative and will be located in areas that have significant potential for large-scale industrial infrastructure creation.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service