By Juliet Shwe Gaung
The balance project cost of $67 million is expected to be raised from commercial banks and sponsors equity.
With IFC’s loan support of up to $50m, NDB expects to provide access to finance to agriculture related MSMEs in Sri Lanka over the next five years.
HDB Financial Services Ltd is the non-banking financial services arm of Indian banking giant HDFC Bank Ltd.
CEG is embarking on a $370-million expansion which includes the construction of new campuses and the acquisition of existing higher education institutions in China.
The project aims to help 10,000 MSMEs in the agriculture value chain to get financed over the next five years.
IFC said the proposed investment will not only aid the growth of microfinance in India but will also help Arohan expand borrowers’ access to microfinance.
Olam shareholders are Temasek Holdings (53.6%), Mitsubishi Corporation Japan (17.4%) and company management team (6.5%).
This is the first time Lok Capital, which invests in businesses that generate both financial returns and social or environmental good, is considering tech companies.
In September 2016, the firm had raised $40 million from WestBridge Capital Partners, and India Financial Inclusion Fund.
The proposed project is the renewal of the operations of the Global Infrastructure Project Development Fund