Venture Intelligence (TSJ Media Pvt. Ltd.)
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IFC extends Rs.550-Cr debt support to IndoSpace logistics fund
World Bank Group affiliate International Finance Corporation (IFC) has extended USD 75 million (INR 557 crore) debt support to industrial real estate and logistics parks' developer IndoSpace's logistics fund to develop logistics and industrial parks with an objective to enhance warehousing and supply chain infrastructure in India. IFC is extending the loan to IndoSpace Logistics Parks III LP, a USD 580-million vintage fund, and the first tranche of this amount has already been disbursed to IndoSpace.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.