IFC proposes to invest $150m in India's Cholamandalam Investments

IFC proposes to invest $150m in India's Cholamandalam Investments

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed to invest $150 million in Cholamandalam Investments & Finance Company Limited (CIFCL), one of the leading asset financing NBFCs in India, according to a disclosure.