- Yes Bank raises $150 mn loan from International Finance CorporationInternational Finance Corporation plans to launch $1-1.5-bn Asia FundIFC global rupee bond nears $500 mn mark, brings new investors to Indian capital marketsIFC, Wargbug, Chrys Cap pump in $21 mn more into Au Financiers
Jaipur-based auto loan company Au Financiers has raised $21 million from a clutch of investors to expand into newer geographies and launching new product lines.
The World Bank group arm International Finance Corporation, Wargburg Pincus, Chrys Capital ó all existing investors in the company ó collectively pumped in $21 million in the latest round, while Motilal Oswal Securities got added as a new investor with an investment of $3 million, Au Financiers said in a statement.
The investment, which is the fourth round of capital raising by the non-bank lender, was done through a preferential allotment of shares, it said. The proceeds from the infusion will be used for further development of product verticals and expanding its branch network in 10 states, the statement said.