Clearwater India Limited

completed

The proposed project envisages a senior debt investment in an onshore lending platform, CIL (“the Company”). CIL, an NBFC registered with the RBI, was set up in 2005 as an onshore primary lending platform. CIL is now being incrementally capitalized and plans to scale up significantly to lend to well-secured, operationally-viable but financially stressed Indian companies backed by hard assets and cash flows in the real estate and non-real estate sectors. CIL’s value proposition is based on stressed/special situations which include refinancing, last mile financing and working capital term-outs for maturity mismatches. IFC’s proposed investment in CIL will provide capital support at a time when there is limited bank financing to support companies through stressed and distressed situations and lay the foundation for effective asset investment and a credit solution culture.