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Sagar Ratna promoter buys out PE firm; might merge with Shree Rathnam

By Debjyoti Roy

  • 21 Sep 2016
Premium
Sagar Ratna promoter buys out PE firm; might merge with Shree Rathnam

Jayaram Banan, founder of popular south Indian restaurant chain Sagar Ratna, has bought back the stake held by the company’s majority stakeholder India Equity Partners (IEP), ending a long running feud between the two parties, a person privy to the development told VCCircle.Banan shelled out around Rs 90 crore ($13.4 ......

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