Sanwaria Agro To Raise Funds For Capacity Expansion
by Sushil Surana
Sanwaria Agro is raising upto R50Cr through ECBs for expansion. It has plans to invest upto R200Cr for capacity expansion and introduction of new product lines. It may also raise funding from PE investors in the this fiscal.
This development comes after the company decided to venture into branded soya products, chakki fresh atta and basmati rice business. It has plans to set up manufacturing capacities for soya flour and textures vegetable protein (TVP) and further intends to leverage its manufacturing experience by producing soya milk and soya based beverages.
Global Town Investment Limited has acquired 24.5%stake in Moser Baer India Limited from PE fund Warburg Pincus in an off-market transfer deal. Not much information is available about Global Town Investment.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.