How IFC spun $200 mn from financial services portfolio before market downturn
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How IFC spun $200 mn from financial services portfolio before market downturn

By Bruhadeeswaran R

  • 02 Nov 2018
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How IFC spun $200 mn from financial services portfolio before market downturn
Credit: VCCircle

International Finance Corporation (IFC), the private-sector investment arm of the World Bank, partially sold stakes in four Indian financial services companies — taking out about Rs 1,300 crore (around $200 million) — before the stock market corrected sharply led by steep declines in share prices of private lenders. IFC offloaded stakes ......

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