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IFC to invest $91m in Indian retailer Aditya Birla Fashion to fund TCNS buy


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Photo by Priscilla Du Preez on Unsplash

World Bank Group member International Finance Corporation (IFC) will invest about $91 million in Indian apparel retailer Aditya Birla Fashion and Retail Ltd to fund the company’s acquisition of TCNS Clothing, according to a disclosure.

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