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Featured | 5 November 2012

Portfolio Focus: Blackstone Investee Nuziveedu Seeds

by Paritosh Gajjar
Portfolio Focus: Blackstone Investee Nuziveedu Seeds
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Nuziveedu Seeds Private Limited, the flagship company of the NSL Group, is the largest hybrid seed company in India.

Blackstone invested R250 Cr ($54 Mn) in the company in 2010 through convertible instruments. An ET piece at that time had stated that the PE firm picked up 25% in the company.

The amount was to be used for R&D, production and marketing of hybrid cotton seeds and to fund its working capital requirements as well.

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