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Project Detail:
The transaction involves the administration by the Asian Development Bank (ADB) of an equity investment of up to $4,000,000, with an initial investment of up to $750,000, in IBISA S.A. (IBISA), a company headquartered in Luxembourg with primary operations in India and Philippines. The investment is to be provided by the ADB Ventures Investment Fund 1 under the ADB Ventures Financing Partnership Facility. The balance of the approved amount may be invested as equity or quasi-equity in subsequent fundraising rounds that IBISA is expected to undertake. Consistent with the fund establishment documents, ADB will not invest its own capital alongside the fund.
Note: Please Download Project Document attached to this Project for more information.
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