Investment firm IFC ending relationships with Indian investments as they have achieved their minimum profit targets
Madison India PE has made an exit from a portfolio company, despite the firm turning out to be a dud. No details about the specific companies involved or the nature of Madison India PE's exit were provided.
Similarly, Creador is making an exit from its India tech portfolio, but the details about how CVC Capital fared in its exit were not disclosed. CVC Capital has completed a $445 million exit from an unspecified Indian company.
Meanwhile, the International Finance Corporation (IFC), a private-sector investment arm of the World Bank Group, is also active in the Indian market. IFC has invested in JBM Auto's electric mobility unit, GreenCell, which is backed by Eversource. However, no information about the specific companies involved in IFC's investments was provided.
In a significant move, IFC is divesting from a healthcare project in India, but the details about the nature of the investments or the exact gains made by IFC were not provided.
As for IFC, it also backs private equity and venture capital funds as a limited partner. The search results do not provide information about the name of the person or company that represented IFC in relation to its exit from its investment in healthcare in India.
On a positive note, Groww, a company, is preparing to go public. No details about the timing or the terms of Groww's public listing were provided in the paragraph. If successful, Peak XV, Ribbit Capital, and Y Combinator may benefit from Groww's public listing.
In conclusion, several investment giants are making moves in the Indian market, with some exiting portfolio companies and others preparing for public listings. While the details about the nature of these moves, the specific companies involved, and the terms of the exits and listings are scarce, it is clear that the India market remains a focus for global investment firms.
Read also:
- EA Relies on Madden and Battlefield to Drive Microtransactions Recovery
- Expense for Creating a Digital Platform for Fantasy Sports
- AI-Enhanced Battery-Swapping Station in Southeast Asia Officially Opens Its Doors
- Honda unveils blueprint for design, advanced driver assistance systems, electric vehicles, fuel efficiency, and technology development
