IFC to invest $400 mn in Bajaj Fin's $1 bn fundraise
Business Standard|November 07, 2024
International Finance Corporation (IFC) on Wednesday said that it will partner with Bajaj Finance to invest $400 million out of the $1 billion fundraising to aid in the expansion of the latter's EV fleet, energy-efficient consumer goods (EECG) and women empowerment.

IFC's $400 million loan will enable Bajaj Finance to expand access to finance for customers opting to buy EVs, including 2-wheelers, 3-wheelers and 4-wheelers, and strengthen its presence in the EECG space. The partnership will also boost Bajaj Finance's ability to fund and support more women-owned micro-enterprises and women micro-borrowers.

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