IFC To Invest $30 Mn In Kudos Chemie
IFC will invest $30 Mn in 
Kudos Chemie Limited, a Punjab-based specialty and fine chemicals manufacturing company.
Promoted by Jitendra Singh and family, Kudos Chemie is expanding its manufacturing facilities with a capex of up to $135 mn across multiple phases.
Kudos Chemie Limited is a specialty and fine chemicals manufacturing company specializing in products under the Xanthenes group of chemicals, including synthetic caffeine.
Transaction Reference: IFC
The proposed projectof Kudos Chemie, to be implemented in multiple phases, involves capacity expansion and forward integration into related products like theobromine and theophylline as well as backward integration into manufacturing of key raw materials such as acetic anhydride and a power plant which will operate on rice husk, a renewable resource.
The project and the plant is located at Dera Bassi, Punjab. Dera Bassi has been identified by the Government of Punjab as an industrial area to help build local industries and promote industrial development in the state.
IFC has been investing in Indian companies and India based PE/VC funds since 1956. It has invested more than $4 Bn in 200 Indian companies.
IFC will invest upto $5 Mn in Attero Recycling Private Limited and $10 Mn in Ahmedabad based newly formed NBFC - Ananya Finance For Inclusive Growth Pvt Ltd for a 20% stake.
IFC along with Bessemeer Venture Patners invested $2Mn in Applied Solar Technologies and IFC's other investments include Cholamandalam DBS Finance, Azure Power and Auro Mira Energy and has proposed to invests in Husk Power Systems and Aavishkar Goodwell India Microfinance Development Co.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 20/08/10 | Kudos Chemie - IFC | Venture Capital | International Finance Corporation | 30.00 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 27/01/12 | M&A | ASHOK ALCO-CHEM LIMITED | 0.38 | Announced | |
| 16/01/12 | M&A | CENTURY TWENTYFIRST PORTFOLIO LIMITED | Jay Ambe Gowri Chem Limited (Formerly Jay Ambe Gowri Petro Chem Limited) | - | Planned |
| 13/01/12 | M&A | Synthite Industries Ltd (Formerly Synthite Industries Chemicals Ltd) | Unknown Chinese Natural Colors Maker | 30.95 | Completed |
| 05/01/12 | IPO / Offerings | Kiri Industries Limited (Formerly Kiri Dyes and Chemicals Limited) | 56.79 | Announced |
Fund |
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| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| International Finance Corporation | Micro Finance Infrastructure Energy |
www.ifc.org | Anup Kumar Agarwal | |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Kudos Chemie Limited | Jitendra Singh Gurmeet Sodhi |
Village Kuranwalabarwala Road Tehsil Derabassi Distt Patila Punjab |
BASF Construction Chemicals (India) Private Limited Finornic Chemicals (India) Private Limited |
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