DCM Shriram Ltd Secures USD 90 Million Investment from IFC for Sustainability-Linked NCDs

DCM Shriram Limited, a leading business conglomerate, has announced an investment commitment of USD 90 million from the International Finance Corporation (IFC). The investment will be in the form of subscription to Sustainability-Linked Non-Convertible Debentures (NCD) to be issued by the company. The transaction aligns with globally accepted International Capital Market Associations’ Sustainability-linked Bond Principles and Loan Market Association’s Sustainability-linked Loan Principles. The proceeds will be utilized to strengthen the company’s strategic initiatives and support long-term growth plans, including expanding its downstream chemicals business and fostering local value creation.