Danone, Fonterra To Acquire Controlling Stake In Tirumala Milk
by Vivek Singh
Global Dairy Giants – French Danone and New Zealand’s Fonterra are interested to acquire controlling stake in South Indian Dairy Company – Tirumala Milk Products Private Limited as PE investor Carlyle is planning for stake sale, according to TOI.
Carlyle invested around R100 Cr for 20 % stake in Tirumala in 2010. Tirumala is expecting a EV of around R2,500 Cr or $450 Mn.
Oxigen Services, a payment solutions provider is looking to raise $200 Mn from private equity investors, strategic investors and development financial institutions and is expecting to close the deal of $50 Mn as part of the first tranche by the end of this year.