International Finance Corporation (IFC), a member of the World Bank Group, has proposed a total investment of $52.5 million to purchase the equity shares of India-based Zenex Animal Health India Private Limited (Zenex) from Multiples Private Equity Fund III (Multiples).
The proposed investment will be divided into two segments. While IFC plans to invest up to $16 million) in the company, the remaining $36.5 million will be coming in from IFC AMC Emerging Asia Fund, the firm said in a disclosure.
