[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111384-en":3,"doc-seo-111384-105":28,"detail-sidebar-cat-0-en-105":88},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":20,"language":21,"language_code":22,"site_id":23,"html_lang":22,"table_of_contents":24,"faqs":25,"seo_title":13,"seo_description":14,"update_tm":26,"read_time":27},111384,137441390410,"Hazel","https://ap-avatar.wpscdn.com/avatar/2000252f4ab5702993?_k=1776741390130283984",8,"Research & Report","Record of Approval on an Absence-of-Objection Basis - April 23, 2026 - Investment Approval","Approval notice records an Absence-of-Objection basis dated Thursday, April 23, 2026, for India. The Board of Directors of IFC approved an investment in NDR Smart Spaces Pvt Ltd for the NDRWPL Equity Project. The approval authorizes up to INR 2,250 million (about US$25 million) as equity investment and up to INR 2,250 million (about US$25 million) as debt financing, with potential secondary-market disposal of non-convertible debentures under defined conditions.","Public Disclosure Authorized Public Disclosure Authorized  \nThe following item has been approved on an Absence-of-Objection Basis  \non Thursday, April 23, 2026  \nIndia  \nInvestment in  \nNDR Smart Spaces Pvt Ltd  \nfor NDRWPL Equity Project  \nThe Board of Directors ofIFC approved an investment in India – NDR Smart Spaces Pvt Ltd for NDRWPL Equity Project (IFC/R2026-0094, dated April 7, 2026) consisting of: (i) IFC making an equity investment of up to INR 2,250 million (approximately equivalent to US$25 million); and (ii) IFC providing debt financing of up to INR 2,250 million (approximately equivalent to US$25 million) to NDR Smart Spaces Private Limited, and including authorization of the disposal of all or a part of the non-convertible debentures in the secondary market at a time and price to be determined by IFC’s management, if the debt financing is provided by IFC subscribing to non-convertible debentures.","cbCaitC8IRALWaPv","https://ap.wps.com/l/cbCaitC8IRALWaPv","pdf",107924,1,"English","en",105,"# Investment in NDR Smart Spaces Pvt Ltd\n## Approval basis and date\n## Equity investment and debt financing details\n## Authorization for disposal of debentures","[{\"question\":\"What approval was issued on the Absence-of-Objection basis?\",\"answer\":\"The approval concerns an IFC investment in India: NDR Smart Spaces Pvt Ltd for the NDRWPL Equity Project.\"},{\"question\":\"How much equity and debt financing did IFC authorize?\",\"answer\":\"IFC authorized equity investment of up to INR 2,250 million (approximately US$25 million) and debt financing of up to INR 2,250 million (approximately US$25 million).\"},{\"question\":\"Is IFC allowed to dispose of non-convertible debentures?\",\"answer\":\"Yes. The approval includes authorization to dispose of all or part of the non-convertible debentures in the secondary market, with timing and price determined by IFC management, subject to the stated conditions.\"}]",1784489882,3,{"code":4,"msg":29,"data":30},"ok",{"site_id":23,"language":22,"slug":31,"title":13,"keywords":32,"description":14,"schema_data":33,"social_meta":83,"head_meta":85,"extra_data":87,"updated_unix":26},"record-of-approval-on-an-absence-of-objection-basis-april-23-2026-investment-approval","",{"@graph":34,"@context":82},[35,51,65],{"@type":36,"itemListElement":37},"BreadcrumbList",[38,42,46,48],{"item":39,"name":40,"@type":41,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":43,"name":44,"@type":41,"position":45},"https://docshare.wps.com/document/","Document",2,{"item":47,"name":12,"@type":41,"position":27},"https://docshare.wps.com/document/research-report/",{"item":49,"name":13,"@type":41,"position":50},"https://docshare.wps.com/document/record-of-approval-on-an-absence-of-objection-basis-april-23-2026-investment-approval/111384/",4,{"url":49,"name":13,"@type":52,"author":53,"headline":13,"publisher":55,"fileFormat":58,"inLanguage":22,"description":14,"dateModified":59,"datePublished":59,"encodingFormat":58,"isAccessibleForFree":60,"interactionStatistic":61},"DigitalDocument",{"name":9,"@type":54},"Person",{"url":39,"name":56,"@type":57},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":62,"interactionType":63,"userInteractionCount":4},"InteractionCounter",{"@type":64},"ViewAction",{"@type":66,"mainEntity":67},"FAQPage",[68,74,78],{"name":69,"@type":70,"acceptedAnswer":71},"What approval was issued on the Absence-of-Objection basis?","Question",{"text":72,"@type":73},"The approval concerns an IFC investment in India: NDR Smart Spaces Pvt Ltd for the NDRWPL Equity Project.","Answer",{"name":75,"@type":70,"acceptedAnswer":76},"How much equity and debt financing did IFC authorize?",{"text":77,"@type":73},"IFC authorized equity investment of up to INR 2,250 million (approximately US$25 million) and debt financing of up to INR 2,250 million (approximately US$25 million).",{"name":79,"@type":70,"acceptedAnswer":80},"Is IFC allowed to dispose of non-convertible debentures?",{"text":81,"@type":73},"Yes. The approval includes authorization to dispose of all or part of the non-convertible debentures in the secondary market, with timing and price determined by IFC management, subject to the stated conditions.","https://schema.org",{"og:url":49,"og:type":84,"og:title":13,"og:site_name":56,"og:description":14},"article",{"robots":86,"canonical":49},"index,follow",{"doc_id":7,"site_id":23},{"code":4,"msg":5,"data":89},[90,94,98,102,107,112,117,120,125,128,132],{"id":20,"doc_module":4,"doc_module_name":44,"category_name":91,"show_sort_weight":92,"slug":93},"Story & Novel",90,"story-novel",{"id":45,"doc_module":4,"doc_module_name":44,"category_name":95,"show_sort_weight":96,"slug":97},"Literature",80,"literature",{"id":50,"doc_module":4,"doc_module_name":44,"category_name":99,"show_sort_weight":100,"slug":101},"Exam",70,"exam",{"id":103,"doc_module":4,"doc_module_name":44,"category_name":104,"show_sort_weight":105,"slug":106},5,"Comic",60,"comic",{"id":108,"doc_module":4,"doc_module_name":44,"category_name":109,"show_sort_weight":110,"slug":111},6,"Technology",50,"technology",{"id":113,"doc_module":4,"doc_module_name":44,"category_name":114,"show_sort_weight":115,"slug":116},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":44,"category_name":12,"show_sort_weight":118,"slug":119},30,"research-report",{"id":121,"doc_module":4,"doc_module_name":44,"category_name":122,"show_sort_weight":123,"slug":124},9,"Religion & Spirituality",20,"religion-spirituality",{"id":123,"doc_module":4,"doc_module_name":44,"category_name":126,"show_sort_weight":123,"slug":127},"World Cup","world-cup",{"id":129,"doc_module":4,"doc_module_name":44,"category_name":130,"show_sort_weight":129,"slug":131},10,"Lifestyle","lifestyle",{"id":133,"doc_module":4,"doc_module_name":44,"category_name":134,"show_sort_weight":103,"slug":135},19,"General","general"]