Karuturi Global Ltd. #598
Created at
2017-07-27
Last update
2021-03-11
2 Parents (Involvements as child)
ID
Name
Florista India Pvt Ltd
Country of registration/origin
India
Relationship
Parent company
ID
Name
ICICI Bank
Country of registration/origin
India
Relationship
Parent 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.
7 Children (Involvements as parent)
ID
Name
[unknown investor]
Country of registration/origin
Namibia
Classification
Private company
Relationship
Subsidiary company
ID
Name
[unknown investor]
Country of registration/origin
Uganda
Classification
Private company
Relationship
Subsidiary company
ID
Name
[unknown investor]
Country of registration/origin
Tanzania
Classification
Private company
Relationship
Subsidiary company
ID
Name
Surya Blossoms PLC
Country of registration/origin
Ethiopia
Classification
Private company
Relationship
Subsidiary company
ID
Name
Twiga Roses
Country of registration/origin
Kenya
Classification
Private company
Relationship
Subsidiary company
ID
Name
Karuturi Overseas LLC
Country of registration/origin
United Arab Emirates
Relationship
Subsidiary company
1 Deals (Involvements as Operating company)
ID
Target country
India
Current intention of investment
Biomass for biofuels Food crops Non-food agricultural commodities
Current negotiation status
Concluded (Contract signed)
Deal size
0 ha