Photos
Announcements
Job offersmore »
Specialsmore »
Recent commentsmore »
- Vietnam: Interest in dragon fruit export wanes (1)
- Ukrainian Fruit Company leading fruit importer in Ukraine (58)
- Spain: The apple harvest in Girona 2% less than last season (1)
- Chile: Cencosud reports strong growth in Q2 (1)
- Peru and Chile seek an alliance to export Hass Avocado to the U.S. (1)
- Chilean produce industry events strengthen alliances (1)
- India: IIM-A grad sells vegetables, fruits online (2)
- Africa: Scientists roll out innovative system for producing vegetables (1)
- New Zealand work permit scheme for fruit pickers changed (114)
- Biological control and natural pollination represented in sustainable greenhouse in New Amsterdam Village (New York) (3)
Top 5 - yesterday
Top 5 - last week
Top 5 - last month
Other news more »
- Obama's tax-credit plan getting a cool reception - Washington Post
- Jordan's Islamists condemn planned Quran burning in US - Xinhua
- Imam: Handling of Islamic center plan a matter of national security - CNN
- Aftershocks of an Emanuel Exit - Wall Street Journal
- Excerpt from voices.washingtonpost.com/fasterforward - Washington Post
- Protesters heckle LAPD chief at meeting in Westlake - Los Angeles Times
- 9th Circuit throws out CIA torture lawsuit for national security reasons - Los Angeles Times
- California high court leans toward furlough OK - San Francisco Chronicle
- Clinton declares 'new American moment' in foreign policy speech - Washington Post
- Digest - Washington Post
Source: Google News
Exchange ratesmore »
- USD: 1.2697
- JPY: 106.41
- GBP: 0.82205
- AUD: 1.3845
- BRL: 2.1939
- CAD: 1.3310
- CNY: 8.6267
- NZD: 1.7626
- ZAR: 9.2255
Euro foreign exchange reference rates
Source: ECB
India: Agri Business to invest $10 mn in Global Green
Private equity group India Agri Business Fund will invest $10 million (about Rs 48 crore) in Gautam Thapar-promoted Avantha Group's food division Global Green Company Ltd.
A shareholders agreement was signed between the Avantha Group and Rabo Equity Advisors, India Agri Business Fund and Global Green said in a joint statement. Rabo Equity Advisors is the investment adviser of IABF.
"We have successfully developed into a multinational food company through acquisitions. As we have aspirations of building our brands and develop a more robust India business, Rabo Equity's knowledge pool will work to our advantage in the next phase of growth," Global Green Managing Director and CEO Vineet Chhabra said.
The company, however, did not provide details regarding the likely utilisation of the investment or its timeframe. On being contacted, an Avantha official said the money would be utilised on its expansion plans.
Global Green, with a sales turnover of $150 million, is a supplier of processed fruits and vegetables and has processing facilities in India, Hungary and Belgium.
The $120 million IABF is sponsored by The Netherlands-based Rabobank and was formed for promotion of food and agribusiness companies in the Indian market.
Source: business-standard.com
Private equity group India Agri Business Fund will invest $10 million (about Rs 48 crore) in Gautam Thapar-promoted Avantha Group's food division Global Green Company Ltd.
A shareholders agreement was signed between the Avantha Group and Rabo Equity Advisors, India Agri Business Fund and Global Green said in a joint statement. Rabo Equity Advisors is the investment adviser of IABF.
"We have successfully developed into a multinational food company through acquisitions. As we have aspirations of building our brands and develop a more robust India business, Rabo Equity's knowledge pool will work to our advantage in the next phase of growth," Global Green Managing Director and CEO Vineet Chhabra said.
The company, however, did not provide details regarding the likely utilisation of the investment or its timeframe. On being contacted, an Avantha official said the money would be utilised on its expansion plans.
Global Green, with a sales turnover of $150 million, is a supplier of processed fruits and vegetables and has processing facilities in India, Hungary and Belgium.
The $120 million IABF is sponsored by The Netherlands-based Rabobank and was formed for promotion of food and agribusiness companies in the Indian market.
Source: business-standard.com
Publication date: 3/15/2010
respond to this article
email this article
printReceive the daily newsletter in your email for free | Click here
Other news in this sector:
Leave a comment:
