Kedaara II (IFC-39219)

Regions
  • South Asia
Where the impacts of the investment may be experienced.
Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 22, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Kedaara Capital Fund II LLP
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 27, 2018

Disclosed by Bank May 23, 2017


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Project Description

IFC proposes an equity investment of up to US$40 million in Kedaara Capital Fund II LLP (the "Fund"), which plans to invest its capital commitments across 10-12 mid-market companies in India. The Fund is a limited liability partnership formed under the Limited Liability Partnership Act, 2008 and will be advised by Kedaara Capital Advisory Services LLP. The Fund’s target sectors include logistics, packaging, specialty chemicals & ingredients, pharmaceuticals and potentially finance companies.

Investment Description
  • International Finance Corporation (IFC)

The Fund Manager is an Indian limited liability partnership formed under the Limited Liability Partnership Act, 2008 and is governed by a limited liability partnership agreement amongst its partners, Manish Kejriwal, Sunish Sharma and Nishant Sharma. The Fund Manager will be engaged by the Fund to provide investment research and support services. The Fund Manager and its affiliates have a 16 member team consisting of 13 investment professional and 3 senior operating partners.

The proposal is for IFC to make an equity investment of up to US$40 million (not to exceed 20% of total commitments) in the Fund.

Private Actors

Kedaara Capital Fund II LLP is a limited liability partnership formed under the Limited Liability Partnership Act, 2008 and will be advised by Kedaara Capital Advisory Services LLP. 

The Fund Manager is an Indian limited liability partnership formed under the Limited Liability Partnership Act, 2008 and is governed by a limited liability partnership agreement amongst its partners, Manish Kejriwal, Sunish Sharma and Nishant Sharma. The Fund Manager will be engaged by the Fund to provide investment research and support services. The Fund Manager and its affiliates have a 16 member team consisting of 13 investment professional and 3 senior operating partners.

Contact Information

Kedaara Capital Advisors LLP
Rishiraj Khajanchi

Board Number : +91 22 61558000 | Direct Line : +91 22 61558030 | Cell: +91 9867328210
rishiraj.khajanchi@kedaara.com
Sunshine Tower, 38th Floor, Senapati Bapat Marg, Parel, Mumbai 400013
www.kedaara.com

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/