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TVS Emerald

Sector: Water Supply and Storage • Location: India

Source: International Finance Corporation (IFC)

Project
Pending

 The proposed investment involves IFC investment of up to INR 4,250 million (US$50 million equivalent) in wholly owned subsidiaries of TVS Emerald Limited (“TVS Emerald” or the “Company”), including Emerald Haven Life Spaces 2 Private Limited (previously known as Radial (Phase II) IT Park Private Limited), Emerald Haven Life Spaces 3 Private Limited (previously known as Radial (Phase III) IT Park

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Project Information

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The project “TVS Emerald” is an infrastructure initiative in the Water Supply and Storage sector, located in India. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Company

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Status

Original status

pending

Taiyo status

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Description

Description

 The proposed investment involves IFC investment of up to INR 4,250 million (US$50 million equivalent) in wholly owned subsidiaries of TVS Emerald Limited (“TVS Emerald” or the “Company”), including Emerald Haven Life Spaces 2 Private Limited (previously known as Radial (Phase II) IT Park Private Limited), Emerald Haven Life Spaces 3 Private Limited (previously known as Radial (Phase III) IT Park Private Limited) and Emerald Haven Properties Private Limited for part financing development of middle-income housing projects in India (the “Project”). The first project is located on the Pallavaram-Thoraipakkam Radial Road, Chennai and the second project is located in Sathanur, Bengaluru. Other middle-income housing projects will be located in Chennai and Bengaluru and will be jointly identified by the Company and IFC. The housing projects will be green building certified and are expected to include development of 4,000 – 5,000 housing units. 

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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