JBM Auto Limited

India: Electric Bus Financing Project

Borrower(s)
JBM Auto Limited
Industry
Finance and other
Area of finance
Development Bank Finance
Region
South Asia
South Asia
Countries
India

Project Overview

ADB and AIIB agreed INR7.2 billion (about $85.8 million) to the JBM Group to expand access to electric buses in the Indian states of Haryana and Odisha. ADB was the MLA for the entire debt, which saw both lenders provide INR3.6 billion. The funding will support the procurement of up to 650 e-buses,...

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Deal Volume
$93.2m
Financial Close
19/08/2024
Dealmakers

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Tranches

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