PROJECT

Projects

Summary of Proposed Investment

Project Number

26395

Company Name

ANGEL ONE LIMITED

Date SPI Disclosed

Aug 31, 2007

Country

India

Industry

Financial Markets

Projected Board Date

Oct 4, 2007

Status

Completed

Sector

Broker/Dealer

Department

Regional Industry - FIG Asia & Pac

Environmental Category

C - No Impact

Previous Events

Approved : Nov 1, 2007
Signed : Dec 7, 2007
Invested : Dec 27, 2007

Project Description

The project entails IFC taking a minority equity position in Angel Infin Private Ltd (Angel) an Indian financial services firm focused on retail broking services. The equity investment will support Angel’s expansion in to Tier 2 and Tier 3 cities in India and hence gain access to a larger client base. The investment will also help Angel introduce new products to serve its clients more effectively. The investment is well aligned to the IFC strategy of supporting organizations in their growth phase and meets IFC’s objective of promoting financial inclusion in India through ensuring access to a broader range of financial savings products.

Sponsor / Cost / Location

Development Impact