Reuters logo
Prabhat Dairy raises 1.4 bln rupees from PE investors
August 27, 2013 / 3:37 PM / 4 years ago

Prabhat Dairy raises 1.4 bln rupees from PE investors

MUMBAI (Reuters) - India’s Prabhat Dairy Pvt Ltd said on Tuesday it raised 1.4 billion rupees from India Agribusiness Fund, a private equity fund sponsored by Rabobank and France’s Proparco.

Prabhat, which supplies dairy-based food ingredients to multinationals and leading Indian food and beverage companies, will use the proceeds to set up a new manufacturing facility in the Mumbai suburbs, it said in a statement.

KPMG was the sole advisor to the deal, it added.

Reporting by Indulal PM; Editing by Sunil Nair

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below