IFC lends $500M to India's SIDBI to fund small industry

What's the deal? The International Finance Corporation (IFC) is providing a senior, unsecured loan of up to $500 million to the Small Industries Development Bank of India (SIDBI)Dealroom has a profile for this one. Try Dealroom →. The dollar-denominated facility carries a tenure of up to seven years.

What's the endgame? The loan is earmarked to support SIDBI's financing activities, expanding the capital available to small industries across India.

Who advised? Law firm Shardul Amarchand Mangaldas & CoDealroom has a profile for this one. Try Dealroom → advised IFC on the transaction. The team was led by partner Shubhangi Garg, with principal associate Yashika Jain and associates Soham Chakraborty and Aryan Gupta.

The signal: The deal shows the IFC — the World BankDealroom has a profile for this one. Try Dealroom →'s private-sector arm — deepening its bet on India's small business lenders as a channel to reach smaller enterprises that often struggle to access credit.

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