By Ishita Russell
IFC’s investment involves an “A” loan to co and subscribing to its NCDs.
Funding to help the company expand its solar rooftop and solar EPC businesses.
This is IFC’s fourth investment in the region this month.
To help fund Max Healthcare’s acquisition and expansion plans.
The company will use the proceeds for wind, solar and other climate finance projects.
The proceeds of the IFC loan will be used to fund plant machinery.
Last week, it agreed to extend a short-term loan to Dhaka’s Bank Asia.
These funds will have separate investment strategy and sectoral focus.
Nations Trust Bank has also been a trade finance client of IFC since 2007
HDFC has additionally committed around $600 million.