Fine Dining Restaurant Chain - Olive Bar & Kitchen has raised funds from Aditya Birla PE’s Sunrise Fund, for a minority stake. The financial details were undisclosed.
The company is planning to expand the existing formats across geographies and recently launched two new formats i.e. gastro pub and bistros.
Recently, Aditya Birla PE invested R100Cr in Trimax IT Infrastructure and Services.
Established in 2000 by AD Singh, Olive Bar & Kitchen runs a chain of restaurants and owns Olive, Monkey Bar, LAP, Ai and Soul Fry brands. The company has restaurants in Delhi, Mumbai and Bangalore.
Chandir Gidwani, the promoter of Centrum Group, Manmohan Shetty of Adlabs Films and Walkwater Media are existing investors in Olive.
NSL Group's firm NSL Renewable Power is set to raise $100 Mn of equity by end of this fiscal, CEO Sanjay Chaturvedi stated on BL.
Gautam Thappar led, Avantha Group has trimmed its stake, selling 8.3% holding, in its flagship company, Crompton Greaves. The group sold 5.2 crore shares through a block deal which helped the firm mop up over INR1000 Cr.