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IFC to invest Rs 1,433 crore in Mahindra Fin

IFC to invest Rs 1,433 crore in Mahindra Fin
Highlights

World Bank Group arm IFC on Monday said it has anchored an investment round of $200 million (about Rs 1,433 crore) in Mahindra and Mahindra Financial...

New Delhi: World Bank Group arm IFC on Monday said it has anchored an investment round of $200 million (about Rs 1,433 crore) in Mahindra and Mahindra Financial Services to create a dedicated pool of financing for MSMEs in low-income states.

At least $100 million will be earmarked for women-owned micro, small and medium enterprises (MSMEs), according to a release.

"IFC (International Finance Corporation) has invested $75 million from its own account and is mobilising another $125 million as parallel loans," it said.

The $100 million dedicated to women will be supported by blended finance from the IFC-Goldman Sachs' Women Entrepreneurs Opportunity Facility.

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