IFC may join Belgian PE Verlinvest in funding Future Group project

IFC may join Belgian PE Verlinvest in funding Future Group project

Future Group chairman Kishore Biyani. Photo: Hemant Mishra/Mint

The International Finance Corporation (IFC), a member of the World Bank Group, is likely to join Belgian private equity firm Verlinvest SA in funding a project of Mumbai-based conglomerate Future Group, according to a disclosure.

Future Group’s associated business Future Consumer Limited (FCL) is raising about INR3.5 billion ($50 million) for investment in development and expansion of manufacturing and processing operations for food and home & personal care (HPC) products and to expand its rural distribution network.

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