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Private Equity | 3 December 2012

Helion Venture, Footprint Invest In QSR - Mast Kalandar

by Charmi Gutka
 
@charmi
Helion Ventures along with @Footprint has invested additional R32.5 Cr ($6 Mn) in Mast Kalandar, a QSR chain run by @Spring_Leaf Private Limited.

The funds raised will be utilized to expand its number of outlets from 40 to 100 across 8 cities in next 18 months.

In this third round of investment, Helion Ventures has invested $5 Mn while the balance is infused by Footprint Ventures in ethnic Indian food chain that has now raised a total of $11 Mn in equity capital.

Temasek To Sell Medreich Stake: Said To Be In Talks With Advent

Temasek, the Singapore government’s investment vehicle, is set to exit Medreich Pharma, as stated on BS.

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FIM Bank Buys Out PNB's Stake In India Factoring

State owned Punjab National Bank has sold its 30% stake in India Factoring And Financial Solutions Limited to parent promoter FIM Bank Malta for a consideration of R107.83 Cr. The buyback hikes FIMBank's share in IFFSL increased to 79%.

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