IFC leads $222 mn debt funding round in Cholamandalam

Funding Rounds . Acquisitions . Schools . Events . Hubs . My Searches .. IFC to lead debt investment of $222 mn in NBFC Cholamandalam . IFC to lead debt investment of $222 mn in NBFC cholamandalam. reuters. vccircle. May 29, 2019 . 2.

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.

CHOLAFIN, BSE:511243- Keep track of all breaking news on Cholamandalam Investment & Finance Company Ltd. from all sources at a single place.

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IFC to lead debt investment of $222 mn in NBFC Cholamandalam VCCircleMurugappa groups nbfc cholamandalam investment raises $222 million Business StandardIFC channels $222 million in Cholamandalam Investment Moneycontrol.comCholamandalam Investment To Raise $222 Million In Debt Funds NDTV NewsIFC leads $222 mn debt funding round in Cholamandalam LivemintView full coverage on Google News from.

Cholamandalam’s core business is to provide commercial vehicle finance and loan against properties. Besides, the company also offers home loans, SME loans, investment advisory services and a variety of other financial services to customers.. india: ifc leads $222 Mn Debt Funding Round in.

It has received funding from multiple investors. Its key investors include Intel Capital, IFC, Headland Capital. These are Tech Mahindra Ltd, which pulled out in May, as well as Cholamandalam group.

In the financial services sector, IFC has provided debt funding to several non-bank lenders in recent months as a liquidity crunch hits the sector. It led a $550-million investment round in L&T Finance Ltd and proposed to make a debt investment of $150 million each in non-banking finance companies Bajaj Finance Ltd and Piramal Capital & Housing.

Ahmedabad-based Shree Mahila SEWA Sahakari Bank may raise $10 million in funding from International. Besides MFIs, IFC has also backed financial services companies like Cholamandalam Investment and.

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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. This is IFC’s third investment in Cholamandalam after the funding rounds in 2010 and 2014.

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