TVS Emerald

pending

TVS Emerald Ltd (formerly known as Emerald Haven Realty Limited) (hereinafter referred to as “TVS Emerald” or the “Company”) is an Indian real estate company, based in Chennai, India (Website: https://www.tvsemerald.com/). It was incorporated in 2010, with registered office in Chennai and started operating in 2013 under the brand name of TVS Emerald. IFC proposes an investment upto US$50 million through Non-Convertible Debentures for the construction of middle-income units encompassing 5-6 residential development projects across southern India especially in the Chennai and Bengaluru market (“the Project”).  For the two prospective sub-projects identified under the proposed investment at appraisal, the construction is expected to start in fiscal year (FY) 2027 and will be completed in 7-10 years across multiple phases. The sub-projects will be selected based on IFC eligibility criteria and no high-risk Category A types such as the ones that might trigger IFC PS5-8 standards and/or involve community concerns/complaints will be selected.