Walden-Nikko India Ventures Company

completed

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Summary Of Project Information (SPI)Project NameIndia - Walden-Nikko India Ventures Co., LDCRegionAsiaSectorProject No007858Projected Board DateFebruary 11, 1997Company NameWalden-Nikko India Ventures Co., LDCTechnical Partner and/or Major Shareholders The project is being sponsored by the Walden International Investment Group (WIIG) and by Nikko Capital. WIIG is the international arm of the Walden Group of Venture Capital Funds, which was established in 1974 and has over US$600 million in funds under management. Nikko Capital is a Japanese venture capital company under the Nikko Securities group, one of the world’s leading capital market traders and investment dealers.Project Cost Including proposed IFC investment Project Cost - up to $60 million. Proposed IFC equity investment - up to $6 million.Location of project and Description of site Walden-Nikko India Ventures Co. LDC (WIV) will be established as a limited partnership in the Cayman Islands and will route its investments in India through a Mauritius-based subsidiaryDescription of Company and Purpose of Project WIV is a venture capital fund geared towards making investments in early stage companies, including a limited number of start-up companies and more mature, later stage companies in India. Investments will be focused on the rapidly developing information technology sector and other export-oriented industries in which India has a clear comparative advantage in the world market as well as industries that are addressing large and growing domestic markets.Environmental Category and Issues This is a Financial Intermediary ("FI") category project according to IFC''s environmental review procedure. WIV will be required to undertake an environmental review of all eligible investee companies'' operations. In addition, IFC will assess WIV''s capability to carry out environmental reviews of each investee company.Date SPI sent to PIC December 27, 1996For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365

International Finance Corporation (IFC)

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