India Automotive Components Manufacturers Private Equity Fund-1- Domestic (IACM-1-D)
Size of Fund

The total corpus of the fund is envisaged at Euro 66 Million equivalent to INR 3300 Million approx. (on exchange of 1 Euro = INR 55). Out of the said corpus, IFCI (parent Organisation) has committed to invest INR 1650 million and LIC has committed to invest INR 200 million towards the Domestic Fund.

The size of the overseas fund would be decided based on the mutual agreement between IFCI Venture and the overseas investors.

"IFCI Venture has received a credit rating from CARE of A+ for its loan facilities aggregating to Rs. 50 Crore (applicable for facilities having tenure of not more than one year) and a rating of A- for its loan facilities aggregating to Rs. 200 Crore (applicable for facilities having tenure of more than one year)"