New Delhi – DCM Shriram Ltd, a leading business conglomerate with interests in Chemicals, Agri & Building Material Products, today announced an investment from the International Finance Corporation (IFC), the private sector arm of the World Bank Group, of USD 90 million by way of subscription to Sustainability-Linked Non-Convertible Debentures (NCD) to be issued by the company.

The transaction is structured in alignment with globally accepted International Capital Market Associations’ Sustainability-linked Bond Principles (SLBP) and Loan Market Association’s Sustainability-linked Loan Principles (SLLPs) and is anchored in the company’s newly developed Sustainability-Linked Loan (SLL) Framework, which has been independently reviewed and assured by a Second Party Opinion (SPO) provider, CareEdge ESG. This independent validation enhances transparency for stakeholders and demonstrates the robustness of the company’s sustainability roadmap.

This landmark transaction underscores DCM Shriram’s commitment to integrating sustainability into its financing strategy. The proceeds from the issuance will be utilized to strengthen the company’s strategic initiatives and support long-term growth plans. IFC’s investment will strengthen industrial capabilities through the expansion of DCM’s downstream chemicals business and foster local value creation. It will also support rural job creation by providing financing for capital expenditures for growing DCM Shriram’s agri businesses, which has widespread engagement with farmers at the grassroot level.