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Administration of Equity Investment in InnoCSR Co. Ltd.
The transaction involves the administration by the Asian Development Bank (ADB) of an equity investment of up to $4,000,000 or its Nepalese rupee equivalentwith an initial investment of up to $1,500,000 or its Nepalese rupee equivalentin InnoCSR Co. Ltd. (InnoCSR), a company headquartered in Seoul, Republic of Korea. The investment is to be provided by the ADB Ventures Investment Fund 1 under the ADB Ventures Financing Partnership Facility. The balance of the approved amount may be invested as equity or quasi-equity in subsequent fundraising rounds that InnoCSR is expected to undertake. Consistent with the established fund documents, ADB will not invest its own capital alongside the fund.
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About this project
The transaction involves the administration by the Asian Development Bank (ADB) of an equity investment of up to $4,000,000 or its Nepalese rupee equivalentwith an initial investment of up to $1,500,000 or its Nepalese rupee equivalentin InnoCSR Co. Ltd. (InnoCSR), a company headquartered in Seoul, Republic of Korea. The investment is to be provided by the ADB Ventures Investment Fund 1 under the ADB Ventures Financing Partnership Facility. The balance of the approved amount may be invested as equity or quasi-equity in subsequent fundraising rounds that InnoCSR is expected to undertake. Consistent with the established fund documents, ADB will not invest its own capital alongside the fund.
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