022 24172311
Sections
Search
DealCurry
Equity
Venture Capital
Private Equity
M&A

Banner
DataBoard Demo
Private Equity | 5 December 2012

Dalmia Continental To Raise PE Investment

by Charmi Gutka
Dalmia Continental To Raise PE Investment
Share on Social Media Email Facebook Twitter Linkedin
 
@Charmi
Dalmia Continental, flagship company of Dalmia Jain Group is planning to raise R25Cr PE investment by offloading 22% stake in the company for further expansion in its FMCG business.

The company plans to use the funds for marketing expenses to promote its Leonardo brand in the FMCG category, BL stated.

In September, Italian firm Nicola Pantaleo acquired 27% stake in the company. Nicola Pantaleo have been supplying olive oil to Dalmia Continental from 2003. It partnered with Pantaleo for stability of supply and guarantee of best prices.

FIPB Update: One Out Of 14 Referred Cases Approved

FIPB Update: One Out Of 14 Referred Cases Approved

The Foreign Investment Promotion Board (FIPB) has approved the single FDI case of Bhartiya Samruddhi Investments and Consulting Services for the induction of foreign equity in the investing company of R27.72 Cr.

Read More...

Druva raises $51m from Sequoia, EDBI and others

Druva raises $51m from Sequoia, EDBI and others

Sunnyvale, California-based Druva Inc., a cloud-first data protection solution provider, announced receiving $51 million in funding. This round of funding was led by existing investor Sequoia India, along with participation of new investors such as Blue Cloud Ventures, Hercules Capital, and Singapore-based EDBI. Existing investors like Japan’s NTT Finance (financial arm of Japanese telecommunications company Nippon Telegraph and Telephone Corporation), Nexus Venture Partners and Tenaya Capital also contributed to this round.

Read More...
Subscribe
Enter your Email address
to receive all the news