📋 Tender Overview
Project Number
49533
Company Name
DARP SA IRF2
Date SPI Disclosed
May 15, 2025
Country
India
Region
South Asia
Projected Board Date
Jun 20, 2025
Environmental Category
FI-1 - Significant
Status
Pending Approval
Last Updated Date
Department
Regional Industry - FIG Asia & Pac
Industry
Financial Institutions
Sector
Distressed Assets SPV
Project Description
The proposed project entails an IFC equity investment of up to US$40 million in India Resurgence Fund 2 (Fund), the second fund raised by India Resurgence Asset Management Business Private Limited (IndiaRF, or the Fund Manager). The Fund will focus on distressed and special situations in India, targeting control turnaround investments and aiming a size of up to US$1 billion.
