How the Yoders got the green light to expand into India
The YodERS department store chain has been awarded a $5.8 million loan from the US Federal Reserve to expand its India operations.
In a regulatory filing in March, the Yods announced it had raised $5 billion in private capital through the sale of shares.
In addition to the $5 million loan, the firm will also get up to $5,500 per share in equity.
Yods had raised its stakes in several retail companies through public offerings in recent years.
The deal comes a month after the US government awarded Yods a $4.6 billion loan to invest in new businesses and facilities in India.
The deal is also part of a broader US government effort to help businesses with the costs of doing business in India, as well as other overseas markets.