International Finance Corp. (IFC) said on Thursday it will invest $15 million through debt and equity to fund the expansion of drug maker Granules India Ltd.
IFC, the World Bank's private sector lending arm, said it would lend $9 million to Granules and invest $6 million in its share capital.
In May, Granules India said it planned to issue up to 2.2 million shares, worth a 11.48 percent post-issue stake, to IFC.
Source : Reuters