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Cholamandalam Investment and Finance Company raises USD 222 mn from boosting finance to MSMEs

IFC has led a $222 million debt investment round in Cholamandalam Investment and Finance. This is IFC’s third investment in Cholamandalam after investing in 2010 and 2014. Ather Energy, an electric scooter manufacturing startup, has received a funding of $51 million from Hero MotoCorp, Sachin Bansal and Innoven Capital.

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IFC has provided financing in 74 local currencies. In fiscal year 2018, we made commitments for $9.8 billion in new loans for our own account. A company or entrepreneur seeking to establish a new venture or expand an existing enterprise can approach IFC directly.

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World Bank’s private investment arm international finance corporation (IFC) has proposed to put in $40.6 million. South Indian Bank and Murugappa group’s financial services firm Cholamandalam. PE.

According to Cholamandalam Investment, the company will raise 2 million debt funds in the form of US dollar bonds from IFC ($92 million), First Abu Dhabi Bank ($50 million), MUFG Bank Ltd ($50.

Chennai, May 29 (IANS) City-based non-banking finance company (NBFC) Cholamandalam Investment and Finance Company Ltd on Wednesday said it has entered into an agreement to raise $222 million debt from the international finance corporation (ifc) and others. According to Cholamandalam Investment, the company will raise $222 million debt funds in the form of US dollar [.]

World bank’s IFC leads 1,550cr funding round in Cholamandalam short by Shruti Maria Mahendar / 10:58 pm on 29 May 2019,Wednesday Cholamandalam Investment and Finance Company has said that World Bank arm International Finance Corporation (IFC) has led a $222 million (nearly 1,550 crore) debt investment round in the company.

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A multi-million dollar social impact fund has launched, promising to invest in infrastructure that will benefit both Aboriginal and Torres Strait Islander communities and provide a return to investors.

IFC leads $222 mn debt funding round in Cholamandalam. 05-30 livemint.com MUMBAI: Mumbai: International Finance Corporation (IFC), the private-sector investment arm of the World Bank, has led a $222 million debt investment round in Cholamandalam Investment and Finance Company Ltd, the company said in a statement.