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Private Equity | 23 February 2012

IDFC PE Invests R150Cr In StarAgri Warehousing & Collateral Management

by Irfan Khan
IDFC PE Invests R150Cr In StarAgri Warehousing & Collateral Management
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IDFC Private equity has invested R150Cr in Star Agri Warehousing and Collateral Management Ltd for a significant minority stake.The investment was made through it's $650Mn IDFC PE Fund III.

The funds will be used for expanding the warehouse network and creating a pan India network of allied post harvest management services.

Jaipur based Star Agri provides integrated post-harvest management solutions including warehousing, procurement and collateral management of agri-commodities. It also provides allied services such as testing, certification and transportation.

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