Carlyle gets milk with Tirumala Indian investment
The Carlyle Group has made a $23.3 million investment from its Carlyle Asia Growth Partners fund into leading Indian milk company Tirumala Milk Products for a significant minority stake.
Established in 1998, Andhra Pradesh-based Tirumala makes flavored milks, curds, milk powder, butter, ghee and other dairy products, as well as bottled milk. The company has a claimed annual growth rate...
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