Chola Investment gets $222 mn from International Finance Corp.

Date posted: Thursday 30 May 2019

Cholamandalam Investment and Finance Co. Ltd. (CIFCL), a Murugappa Group company, has received an investment of $222 million from a foreign investor anchored by the IFC. CIFCL would use the funds to help small road transport operators (SRTOs) and micro, small and medium (MSMEs) borrowers, especially in the rural and semi-urban areas.

(The Hindu)