International Finance Corp to invest $165 mn in Bajaj Finance, Dodla Dairy

Date posted: Thursday 28 February 2019

International Finance Corporation (IFC) is planning to invest around $165 million in Bajaj Finance, a non-banking financial corporation (NBFC) as well as Dodla Dairy. IFC will make a $150 million debt investment in Bajaj Finance Limited (BFL). The proceeds will be used for lending to Small and Medium Enterprises (SMEs) in low-income states. IFC’s investment in Dodla Dairy is estimated at $15 million. The proposed investment will support Dodla to expand and upgrade its existing manufacturing infrastructure by purchasing new equipment for processing plants, fund its working capital needs as well as marketing and brand building for the company.

(Business Standard)