Barrix marks fifth portfolio investment for Omnivore and its second deal in as many months this year.
The Anglo-Dutch giant said in April it would pay up to $5.4 billion to raise its stake in its Indian subsidiary, India's largest consumer goods maker, to as much as 75% from 52% at present.
Given the target size of funding, Vaishno Devi Dairy is either looking at a significant stake sale or seeking aggressive valuation when compared to its listed peers.
The public-listed firm will be raising the money through various means in one or more tranches.
Food & Agri