IFC
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Grasim Industries Raises $150 Mn For New Paint Brand Birla Opus

Grasim Industries has secured Rs 1,250 crore (approximately USD150 million) from the International Finance Corporation through non-convertible debentures. This capital infusion is earmarked for bolstering the company’s newly launched paints venture, Birla Opus. To prioritise sustainability, Birla Opus is committed to maximising the utilisation of renewable energy sources and implementing water recycling initiatives across its […]

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Logistics News

IFC To Invest Rs 600 Cr In Mahindra’s Electric Mobility Business

The IFC, which is the lending division of the World Bank, has announced plans to invest Rs 600 crore in the Mahindra Group’s electric mobility business, with the aim of expanding its offerings of inexpensive electric three-wheelers and small commercial vehicles.Mahindra Group announced the investment in NewCo, its new subsidiary, via a stock exchange filing. […]

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