In the deals space, venture fund Sixth Sense Ventures invested $1.1 million for a 16% stake in BSE-listed Hindustan Foods Ltd through a preferential allotment of shares. Ethnic wear firm Fabindia got another investor on board with Nandan Nilekani’s family office Entrust investing an undisclosed amount for 2% stake.
In the M&A space, pharmaceutical company Strides Shasun acquired drugmaker Perrigo API India Pvt. Ltd for $14.83 million.
Mahindra Agri Solutions, a subsidiary of Mahindra & Mahindra, agreed to acquire up to 60% stake in Netherlands-based fruit distribution company OFD Holding BV for $5.33 million.
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