PROJECT

Projects

Summary of Investment Information

Project Number

33525

Company Name

Flexituff International Limited

Date SPI Disclosed

Nov 20, 2013

Country

India

Region

South Asia

Projected Board Date

Dec 20, 2013

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Regional Industry - MAS Asia & Pac

Industry

Manufacturing

Previous Events

Approved : Dec 20, 2013
Signed : Dec 24, 2013
Invested : Dec 26, 2013

Sector

Other Textile Products (Including Industrial and Medical Products)

Project Description

Flexituff India Limited (“FIL” or the “Company”) plans to raise US$16 million from IFC through a combination of straight equity and Foreign Currency Convertible Bonds (“FCCBs”). This is a corporate financing with proceeds expected to be utilized to fund the Company’s growth plans and towards working capital requirements.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation