IFC investments touch $2.6 billion to spur India’s development
These investments are all long-term, made over 40 engagements with partners ranging from new-age start-ups, such as Coverfox and Bizongo, to established names such as Mahindra & Mahindra and HDFC.
India to be first recipient of AIIB local currency funding
AIIB president Jin Liqun had on Friday announced the bank’s intention to roll out local currency financing to provide more options to borrowers.
Abu Dhabi’s Masdar to buy stake in Hero’s Green Energy arm for $150m
Abu Dhabi government-owned energy company Masdar Clean Energy is all set to acquire about 20% stake in Hero Future Energies.
PNB housing raises $100 million in its first ECB this fiscal year
Official data suggest that India needs to build 11 million homes in affordable housing segment.
International Finance Corporation launches $1-billion masala bonds
By pioneering the offshore rupee market through masala bonds, IFC succeeded in setting an AAA pricing benchmark for the market by strategically issuing bonds for tenors of three, five, seven, 10, and 15 years.
IFC moves insolvency plea against Punj Lloyd at NCLT
A two-member principal bench headed by President Justice M M Kumar has issued notices to Punj Lloyd and Punj Lloyd Upstream Ltd.
MSME Day: Here in India to close large developmental gaps, says IFC
Part of the World Bank Group, IFC looks to jump-start private-sector development in India. The country, however, has plenty of challenges amidst rapid changes.
IFC invests $100 million in Piramal-Bain joint venture
The consortium had backed JSW to bid for Bhushan Steel. Finally, Tata Steel took over Bhushan Steel by settling about Rs 35,200 crore of the loans of the bankrupt steelmaker.
A91 closes $351 milllion fund
The fund’s limited partners or sponsors in the fund include the likes of The International Finance Corporation and Asia Alternatives, with others like Adams Street and Swiss-based LGT Capital Partners also participating.
Global Investors Back Oriental Structural’s Infra Investment Trust
Investors include AIIB, DEG; Delhi infra firm raises ₹2,300 crore through offer of units
IFC extends $3 million loan to SLCM Limited
IFC’s investment will help the company bring sophisticated warehousing and allied services to Myanmar.
L&T Finance raises $550 million through ECB
Funds raised would be used by the NBFC to provide working capital loans to farmers.
Cleanmax to invest Rs 600 cr to set up solar farm in Haryana
The solar farm will be developed in Sirsa district, on a stretch of 600 acres of land which is well situated for grid stability and to achieve high solar power generation.
Shapoorji Pallonji, Hines tie up for premium Bangalore project
The total investment by the joint venture partners for the development of these new phases will be around Rs 425 crore.
IFC invests Rs 640 crore in Mahindra Finance
Mahindra Finance will use the funds to extend loans to individuals, including farmers, along with financing small and medium enterprises.
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