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.
