Mahyco's arm plans to raise $20 million from International Finance Corp

The international arm of Maharashtra Hybrid Seed Company (Mahyco India) is planning to raise $20 million from the International Finance Corporation (IFC).

This will be part of the $26 million that Mahyco International has earmarked to expand its cotton business in sub-Saharan Africa and rice and eggplant business in Asia.

IFC proposes to support the project with $20 million funding, comprising a $10 million equity investment from IFC’s own account and a $10 million equity investment in its capacity as implementing entity of the private sector window of Global Agriculture and Food Security Program (GAFSP). 

The balance is proposed to be funded through