The Asian Development Bank (ADB) has signed an agreement for $15 million of debt financing through the subscription of nonconvertible debentures for Suguna Foods Private Limited (Suguna). The deal will help in sustaining poultry farming operations, as well as rural livelihoods and food security in India during the COVID-19 pandemic.
With this deal, the ADB will offer essential liquidity support to Suguna’s operations and also help the company build inventory buffers and make timely payments to contract farmers and suppliers. It will also encourage local lenders to support the business and help attract other medium- and long-term capital and international partners.
Important takeaways for all competitive exams:
The ICC T20 World Cup 2026 witnessed outstanding performances from several players across teams. From…
Did you know that some rivers in the world are given special titles because of…
Did you know that India is home to many mighty rivers that support millions of…
Bollywood superstar Shah Rukh Khan has make his debut in the Hurun Global Rich List…
India has dispatched 1,000 metric tons of rice to Malawi as humanitarian assistance. This decision…
Did you know that one special place in the world is famous for its deep…