NEEV II

Promoter – Financial Intermediary

STATE BANK OF INDIA

Location

• India

Description

The operation consists of an equity participation in NEEV II, an investment fund with a target size of about EUR 100m managed by SBICAP Ventures Limited, a step-down subsidiary of the State Bank of India (SBI)

Objectives

The fund aims to provide equity and quasi-equity support to small and medium sized enterprises (SMEs) that contribute to the achievement of UN's Strategic Development Goals and climate sustainability in India.

Comments

N/A

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply
• Water, sewerage - Water supply; sewerage, waste management and remediation activities
• Services - Financial and insurance activities

Proposed EIB finance (Approximate amount)

EUR 25 million

Total cost (Approximate amount)

EUR 100 million

Environmental aspects

The fund's operational guidelines will provide for environmental and social due diligence of investee companies in line with EIB guidelines.

Procurement

Not applicable.

Status

Signed - 22/12/2020