Hospitality chain Vro secures $10 mn in bridge round
Fine dining chain operator Vro Hospitality has raised $10 million (Rs 83 crore) in a bridge funding round, led by Axis ......
Kedaara Capital buys majority stake in software firm GS Lab
Homegrown private equity firm Kedaara Capital has bought a majority stake in Great Software Laboratory Pvt Ltd (GS Lab), a digital...
Heaviest rains in 25 years to help revive tepid rural demand
Monsoon rains in India were 10% above average in 2019 and the highest in 25 years as seasonal rainfall continued longer than expected,...
IFC to invest in Agrocorp’s pulse and rice mills
International Finance Corporation, the private-sector investment arm of the World Bank, is looking to invest in the proposed food grain milling plants of Agrocorp International Pte Ltd.Agrocorp is planning to set up two pulse milling plants in India and is scouting for a local partner for building a rice mill ......
Amira Nature Foods acquires specialty rice brands in Germany
Amira Nature Foods Ltd, a provider of Indian basmati rice, has acquired a portfolio of packaged specialty rice brands from a German firm Euro Basmati GmbH, it said in a statement.The specialty rice brands, which are primarily sold in Germany, include Al Amir, Al Hakim, Bano, Dalia, Hanna and Shah ......
Patanjali Ayurved strikes maiden deal, acquires RH Agro’s rice mill for $10.5 mn
Making its first inorganic expansion move, yoga guru Baba Ramdev-endorsed Patanjali Ayurved Ltd has acquired RH Agro Overseas Pvt. Ltd's rice mill in Sonipat, Haryana for Rs 70 crore (around $10.5 million) to manufacture its packaged rice products, The Times of India reported.The FMCG group has also signed agreements to take ......
Kohinoor Foods and McCormick dispute heads for arbitration in London
Kohinoor Foods Ltd and American spices and cooking herb major McCormick & Co have decided to settle their dispute over their Indian joint venture through arbitration at the London Court of International Arbitration.The dispute pertains to their local JV in which Maryland-headquartered McCormick holds majority stake. McCormick had invested $115 ......
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