ipo-windfall:-ifc-set-to-reap-13x-gains-in-tata-capital-listing;-world-bank-arm-trims-stake

123881155The International Finance Corporation (IFC) is set to gain substantial returns from Tata Capital’s upcoming $2 billion IPO by offloading a portion of its shares acquired in 2011 through Tata Cleantech. IFC’s initial investment of Rs 179 crore is now valued at approximately Rs 2,458 crore, potentially increasing further post-IPO.