IDFC PE Invests R150Cr In StarAgri Warehousing & Collateral Management
by Irfan Khan
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.
Shubham Housing Development Finance Company Private Limited has raised a capital of INR 1,220 Mn from Motilal Oswal Private Equity and its existing investors Helion Venture Partners, Elevar Equity, Accion Frontier and Saama Capital.
DealCurry tracks financial and corporate markets for events, interprets and integrates the information in our platform, providing premium data, news and analytics. DealCurry provides comprehensive coverage of the capital markets through an intuitive, user-friendly interface.