India: IFC to invest $30m in StanChart PE-backed Craftsman Automation

International Finance Corporation (IFC), the private investment arm of the World Bank Group, is considering investing up to $30.7 million in Indian engineering firm Craftsman Automation Pvt. Ltd. (CAPL), it said in a disclosure dated April 13. IFC first invested $37 million in CAPL in May 2010, while …

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