With India emerging as one of the most preferred investment destinations globally, World Bank's private equity arm, International Finance Corporation, aims to cross $500 million mark in new investments by June.
During the fiscal, IFC invested over Rs 91.71 crore in a subsidiary of Moser Baer, a manufacturer of optical storage device, and infused about Rs 82 crore for assisting Kanoria Chemicals in its expansion plan.
It has also picked up 11.48 per cent stake in Granules India for around Rs 26 crore and has committed a $50 million loan to Orissa-based cement manufacturer OCL India Ltd.
IFC would also invest over Rs 101.37 crore to help expansion of the production capacity of electronic bikes marker Electrotherm India in Gujarat.
Read more in The DNA Money article.
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