India: Shriram Transport set to raise $200m from IFC

India: Shriram Transport set to raise $200m from IFC

Shriram Transport Finance on Thursday said it is looking to raise $200 million from the International Finance Centre (IFC) to fund purchase of commercial vehicles and for on-lending to micro, small and medium enterprises (MSMEs). According to the deal, half of the total amount will come from IFC’s own account and rest from “like-minded partners”.