Release date: 20 April 2020
Promoter – Financial Intermediary
STATE BANK OF INDIALocation
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
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).