This transaction marks IFC’s first blue investment in India and its largest green financing effort, aimed at developing a sustainable financing market for green projects.
Talwar Thakore & Associates (TT&A) advised International Finance Corporation in relation to the grant of an unsecured loan of USD 500 million made available to Axis Bank Limited, acting through its corporate office in Mumbai, Maharashtra and its IFSC Banking Unit (“IBU”) in GIFT City, Gujarat.
This is IFC’s first “blue” investment in India and the first blue transaction by a financial institution in the country; the loan will be used by Axis to help develop a blue finance market and scale up financing of green projects in India. This also marks IFCs largest ever green financing in India.
The transaction team included Gautam Saha – Joint Managing Partner; Ambarish Mohanty – Partner; Ankita Mandal – Managing Associate and Sangita Sharma – Associate
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