Summary of Proposed Investment
Project Number
22065
Company Name
IDFC LIMITED
Date SPI Disclosed
Apr 5, 2005
Country
India
Industry
Financial Markets
Projected Board Date
May 12, 2005
Status
Completed
Sector
Finance Companies
Department
Global Industry, Financial Markets
Environmental Category
FI
Previous Events
Approved : Jun 9, 2005
Signed : Jun 20, 2005
Invested : May 17, 2006
Project Description
The proposed IFC financing is a ten year loan for IFC’s account of up to $50 million to Infrastructure Development Finance Company Limited (IDFC, the company). The loan is intended to help IDFC meets its growing needs for disbursements in infrastructure projects as well as to diversify its borrowing sources.
IDFC was established in 1996 as a specialized financial intermediary to lead private capital to commercially viable infrastructure projects in India. IDFC’s role was to complement existing institutions undertaking infrastructure finance with focus on strengthening market mechanisms where these were evolving or had failed to develop. In addition to fund-based activities, IDFC also performs a policy advisory role by assisting the Central and State governments in preparing roadmaps for reform initiatives and the development of the regulatory framework. The company’s asset growth has been significant during the past two years, partly reflecting the improvements in the regulatory framework for infrastructure.
IDFC was established in 1996 as a specialized financial intermediary to lead private capital to commercially viable infrastructure projects in India. IDFC’s role was to complement existing institutions undertaking infrastructure finance with focus on strengthening market mechanisms where these were evolving or had failed to develop. In addition to fund-based activities, IDFC also performs a policy advisory role by assisting the Central and State governments in preparing roadmaps for reform initiatives and the development of the regulatory framework. The company’s asset growth has been significant during the past two years, partly reflecting the improvements in the regulatory framework for infrastructure.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Rajiv Lall, Managing Director and Chief Executive Officer
Infrastructure Development Finance Company Limited
Ramon House, H.T. Parekh Marg,
169, Backbay Reclamation,
Mumbai 400020 India
Phone: 91-22-56339103/ 22838155
Fax: 91-22-56046309
Infrastructure Development Finance Company Limited
Ramon House, H.T. Parekh Marg,
169, Backbay Reclamation,
Mumbai 400020 India
Phone: 91-22-56339103/ 22838155
Fax: 91-22-56046309