OPIC approves $185m financing in India’s Cholamandalam Investment

Pedestrians as seen in an alleyway in Jaipur, India. Photo: Annie Spratt/Unsplash

The Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, has approved a $185-million financing in Cholamandalam Investment and Finance Company (Cholamandalam), the non-banking financial unit of India’s Murugappa Group.

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