ICICI Bank #3815
Created at
2015-12-30
Last update
2015-12-30
0 Parents (Involvements as child)
1 Children (Involvements as parent)
ID
Name
Karuturi Global Ltd.
Country of registration/origin
India
Classification
Stock-exchange listed company
Relationship
Subsidiary company
Investment type
Shares/Equity, Debt financing
Ownership share
3.15 %
Loan amount
40 000 000
Loan date
2011
Comment
the IFC indirectly financed the Indian agribusiness company Karuturi Global through ICICI, a top Indian bank that the IFC provided with $150 million in 2006. Between 2010 and 2011, ICICI provided $40 million in general corporate loans to Karaturi Global. In addition, ICICI owns a 3.15% stake in Karuturi.