India: Investment in True North (GIFT) Fund VII

Nonsovereign Project | 56161-001

The Fund will provide equity capital for expansion purposes to middle market companies headquartered or with significant business operations in India

Project Details

  • Project Officer
    Mahmud, Farshed
    Private Sector Operations Department
    Request for information
  • Country/Economy
    India
  • Sector
    • Finance
Project Name Investment in True North (GIFT) Fund VII
Project Number 56161-001
Borrower / Company True North (GIFT) Fund VII
Country / Economy India
Location Nation-wide
Type or Modality of Assistance
Equity Ordinary capital resources USD 50.00 million Approved
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Finance / Infrastructure finance and investment funds

Gender Equity and Mainstreaming Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Investment Funds & Special Initiatives Div
Responsible ADB Officer Mahmud, Farshed
Project Sponsor(s)
Description The Fund will provide equity capital for expansion purposes to middle market companies headquartered or with significant business operations in India
Objectives and Scope
Linkage to Country/Regional Strategy
Safeguard Categories
Environment FI
Involuntary Resettlement FI-C
Indigenous Peoples FI-C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 07 Jul 2022
Credit Committee Meeting 07 Jul 2022
Approval 24 Aug 2022
Last PDS Update 24 Aug 2022

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Related Publications

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