IARF-II INTERNATIONAL ASSET RECON-
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
International Asset Reconstruction Fund II is an investment vehicle, with the purpose of investing in distressed and non-performing assets in India.
What is our funding objective?
The funding objective is to buy distressed assets from local Indian banks, which gives relief to the Indian banking sector by freeing up locked in cash.
Why do we fund this investment?
FMO was the first foreign Institution to invest in an Asset Reconstruction Company in India and thereby has an impact on the development of trade in Distressed Assets which gives relief to the Indian banking sector, frees up locked in cash and helps operating distressed companies back into health. This fits well in FMO's strategy to be innovative and have development impact.
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Effective date
- 1/24/2013
- Total FMO financing
- INR 169.81 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B