PROJECT

Projects

Summary of Investment Information

Project Number

50056

Company Name

SHRIRAM FINANCE LIMITED

Date SPI Disclosed

Jan 6, 2025

Country

India

Region

South Asia

Projected Board Date

Nov 21, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 7, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Nov 21, 2024
Signed : Dec 11, 2024
Invested : Dec 18, 2024

Sector

Other Non-Banking Financial Institution (NBFI)

Project Description

The proposed project (the Project) envisages an investment in Shriram Finance Limited (SFL or the Company), one of India’s largest retail non-banking finance companies (NBFC). IFC will provide up to US$250 million from its own account and support mobilization of total financing package of US$850 million to the Company. IFC’s investment proceeds will be utilized by the Company for on-lending to micro, small, and medium enterprises (MSMEs), including vehicle loans to MSMEs. At least 10% of IFC’s investment proceeds will be used for financing buyers of electric vehicles (EV), and 30% of IFC’s investment proceeds will be earmarked for on-lending to women MSMEs.

                                                  

Associated Advisory Engagement

 Not Applicable                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation