IFC to invest $40 mn in Tata Cleantech


IFC to invest $40 mn in Tata Cleantech

International Finance Corporation plans to invest $40 million (Rs 260 crore) in Tata Cleantech Pvt. Ltd, the World Bank’s private-sector arm said in a disclosure.

IFC said it will invest in the Tata Group company via secured non-convertible debentures, structured as a Green Bond, in one or more tranches.

Tata Cleantech will use the proceeds to finance wind, solar and other climate finance projects. Read More…

 

Credit By : Vccircle

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