IPL is owned by Tata Realty and Infrastructure Limited (TRIL, 51% stake) and Canada Pension Plan Investment Board (CPPIB, 49% stake) (the “Sponsors”). TRIL, incorporated in 2007, is one of the leading real estate and infrastructure development companies in India.

The proposed IFC investment of INR 8,350 mn (US$ 100 mn) will be utilized for refinancing of the existing NCDs of INR 19,000 mn.

The Project location is in India.

This is a Category B project as per IFC’s Policy on Environmental and Social Sustainability as the project is expected to have limited number of specific environmental and social impacts which are manageable with implementation of good international industry practices (GIIP), standards, procedures, guidelines and design criteria. The key E&S risks of the project include: (a) adequacy of facility E&S management system covering the operational phase of Ramanujan Intellion Park; (b) assurance of fair, safe and healthy working conditions, including contractor management, occupational health & safety (OHS), gender based violence and harassment (GBVH) and grievance redress; (c) resource efficiency and pollution prevention, including energy, water, wastewater and wastes; d) life and fire safety (L&FS) infrastructure and management system, in line with local regulations, IFC Performance Standards (PSs) and World Bank Group (WBG) General Environmental, Health and Safety (EHS) guidelines; and e) management of security personnel.