IFC leads $222 mn debt funding round in Cholamandalam2 min read . Updated: 29 May 2019, 11:02 PM IST
- IFC first invested in the company in 2010 and again in 2014
- This is CIFCL's first US dollar-syndicated deal since January 2019, when the RBI permitted NBFCs to tap into the offshore credit market
MUMBAI : Mumbai: International Finance Corporation (IFC), the private-sector investment arm of the World Bank, has led a $222 million debt investment round in Cholamandalam Investment and Finance Company Ltd, the company said in a statement.
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