Original disclosure @ IFC website
Updated in EWS Dec 15, 2020
Disclosed by Bank Nov 12, 2020
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According to the bank's website, "National Collateral Management Services Limited (“NCML” or “the Sponsor””) through its wholly-owned project subsidiaries (“Project SPVs”) is developing grain storage silos in India under a 32-year concession agreement awarded by the Food Corporation of India (“FCI”). IFC’s proposed investment is by way of subscription to unlisted, secured Non-Convertible Debentures (NCD) for a total of upto INR3,300 million (equivalent to US$44 million) to be issued by 7 Project SPVs to finance the development of grain silos with a capacity of 50,000 metric tonnes each at 7 locations in the states of Haryana, Punjab, and Uttar Pradesh (the “Project”)."
The project locations are:
- Punjab: 3 silos located in Batala, Chhehreatta and Jalalabad;
- Uttar Pradesh: 3 silos located in Basti, Deoria and Faizabad;
- Haryana: 1 silo located in Sonepat.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Fairfax India Holding Corporation||Parent Company||-|
|-||-||-||-||National Collateral Management Services Ltd. (NCML)||Parent Company||-|
|-||-||-||-||NCML Basti Private Limited||Client||-|
National Collateral Management Services Limited
Anuj Kumar Vasdev, CFO
IFFCO Tower, Tower-1, 5th floor, Wing-B, Sector-29, Gurugram, 122001
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