International Finance Corporation

India Inc seeks better pricing, FX relief to sell rupee bonds offshore

India's plans to allow domestic firms to raise rupee-denominated debt abroad for the first time are being eclipsed by the rising cost of funds in international markets, making it harder for cash-starved businesses to take advantage of the relaxed rules.

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International Finance Corp shells out $25.8M for wind farm in Pakistan

The International Finance Corp (IFC) is shelling out $25.8 million for the construction of a new wind farm in Sindh province of Pakistan to fill in the increasing energy deficit in the region.

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Indian commercial bank Ratnakar pockets $54.6M in minority stake sale

Kohlapur, India-based commercial bank Ratnakar Bank Ltd pocketed $54.6 million (INR3.28 billion) from foreign investors CDC Group and Asia Capital and Advisors through the sale of an undisclosed minority stake to fund its rural expansion.

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New York ultracapacitor maker Ioxus secures $21M in Series C round

Oneonta, US-based large format ultracapacitor manufacturer Ioxus secured $21 million in its Series C funding round to help address climate change by integrating its products into hybrid buses in China.

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Jersey-based gold explorer Lydian pockets C$4.7M in private placement

Saint Helier, Jersey-based gold mining and minerals exploration Lydian International pocketed C$4.7 million in a private share sale to its shareholders International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (ERBD) to fund its operations in Armenia.

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IFC board to hear $15.75M loan proposal for 40-megawatt NSL wind farm project in India early next year

International Finance Corporation, the private sector financing arm of the World Bank Group, has proposed to provide a $15.75 million debt financing to NSL Renewable Power. NSL plans to build a 40-megawatt wind farm in Maharashtra, India.

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India's NSL Power to invest $45 million for Maharashtra wind farms

India-based power firm NSL Renewable Power Private Limited (NSL Power) is said to have plans to pour in $45 million to build new wind farms in Maharashtra through a special purpose vehicle called Jath Wind Energy Private Limited.

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Indian companies strike 393 private equity deals totaling $9.67B in January to November

A report by Grant Thornton, an American accounting and advisory firm, said that Indian corporations closed as many as 393 private equity deals totaling $9.67 billion in the past 11 months of the year.

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IFC mulls over second rupee bond sale

The International Finance Corporation is looking to sell rupee-denominated bonds for the second time. The World Bank investment arm raised INR1,000 crore in its first rupee-bond issue.

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Masdar Clean Energy announces investment in Jordan's first major wind farm

Masdar Clean Energy announced its participation in the USD290-million Jordan Wind Project Company (JWPC), the company's first renewable energy investment outside the United Arab Emirates.

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