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.
Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.
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