IFC invests in L&T Infrastructure Finance via 1st Sebi-approved green bond

Sebi to set rules, offer sops for green bonds

Latest News – The International Finance Corporation (IFC), a member of the World Bank Group, has invested Rs 667 crore ($103 million) in L&T Infrastructure Finance Company Ltd by subscribing to the country’s first official green bonds. This is in line with IFC’s strategy to support renewable energy infrastructure in the country and also develop the capital markets.

L&T Infrastructure Finance Company Limited, a wholly-owned subsidiary of L&T Finance Holdings Ltd, will use this money to give loans to solar power projects. The company has been increasing its focus on renewable energy, which has come to comprise 37 per cent of its Rs 22,774-crore (nearly $3.51 billion) total portfolio.

On May 30 this year, the Securities and Exchange Board of India (Sebi) came out (Read More)

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