International Finance Corporation

JK Tyre & Industries Ltd on Wednesday said World Bank Group member IFC will invest USD 30 million (about Rs 240 crore) to pick a 5.6 per cent stake in the company to part-fund expansion of energy-efficient tyre manufacturing. The investment by IFC in JK Tyre & Industries will part-finance the expansion of manufacturing capacities and integrate advanced, resource-efficient technologies in the production of commercial and passenger car radial tyres, which have better safety and longevity, the company said in a regulatory filing. Subsequently, International Finance Corporation (IFC) will hold a 5.6 per cent stake in the tyre major through the issue of compulsorily convertible debentures (CCDs) on a preferential basis, it added. "The investment aims to bolster the company's capital structure and increase production of energy-efficient radial tyres by more than 10 per cent -- from 32 million to over 35 million tyres a year by 2025," JK Tyre & Industries said. This aligns with ..

Hero Future Energies aims expansion in green hydrogen and battery storage

Finance Minister Nirmala Sitharaman on Monday met International Finance Corporation (IFC) Managing Director Makhtar Diop and discussed increasing lending opportunities in India. IFC is the private sector funding arm of the World Bank. She reiterated India's expectation of a rise in IFC's lending to India to USD 2-2.5 billion in the next 1-2 years and USD 3-3.5 billion in next 3-4 years, the finance ministry said in a series of tweets. "Mr @Diop_IFC shared the sentiment of IFC's expansion into India & stated that IFC would adopt a proactive approach to enhance #investment in India and extend financing to MSMEs to enable capacity building to supplement India's effort to become a manufacturing hub," another tweet said. He further emphasised the potential of looking into sub-national financing for sustainable growth, and mobilise financing for women entrepreneurs.

Stock tanks after new CEO's sudden resignation, whistle-blower complaint

In a Q&A, Hector Gomez Ang asserts that the institution's India portfolio has delivered strong development and financial returns despite Covid-19

International Finance Corporation (IFC) 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.

Renewables company will use its Mauritius SPV, subscribe to Indian rupee-denominated external commercial borrowing

"There are a very few countries in the world today like India which has decades of experience, through the PPP space, and having systematised, standardised contracts in the road, energy sector"

WABAG will execute Engineering, Procurement and Construction (EPC) portion of this project over 24 months followed by O&M of 15 years

The loan will support the pharmaceutical firm's expansion of low-priced, generic vaccines for routine immunisation of children and to boost capacity for manufacturing any future Covid-19 vaccine

NCML will develop these grain silos at seven locations in Punjab, Haryana and Uttar Pradesh under a 32-year concession agreement awarded by FCI

The International Finance Corporation (IFC) on Friday said it has so far extended $4 billion to private sector businesses in the poorest countries to help fight the coronavirus pandemic.

The proposed $75 million long-term financing will be in the form of Non-Convertible Debentures

The funding will provide Indospace with long-term finance against the backdrop of the Covid-19 pandemic to continue investing and developing select projects

IFC, which owns equity stakes in many large commercial banks in emerging markets, hopes the restrictions will trigger other investors to exit the coal sector

The captive power plant will be funded through the company's internal cash flows, according to IFC, the World Bank's investment arm

Funding helps Endiya portfolio companies with financial and strategic support

The company will raise $30 mn from IFC to support the proposed expansion plan for its pipeline of vaccines and pharma products, besides playing a role in expediting Covid-19 vaccine development

The proposed IFC infusion would fund the incremental working capital requirements due to the impact of Covid-19

In Endiya Partners Fund II, the World Bank's investment arm will invest an equity investment of upto $10 million.