date:Sep 20, 2012
oods.
The deal will also provide a partial exit to Motilal Oswal Private Equity, which invested US$10.2m in the company in 2008 for a reported 10-12% stake. The new deal will give IDFC a 15-20% stake in Parag Milk Foods.
The deal is being routed through the IDFC Private Equity Fund III. It is the firms second investment in rural infrastructure and first in the dairy sectoralthough it is not the first investment to shed light on opportunities in Indias food processing and retailing industry.
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