India Value Fund invests $40m in spice firm VKL
India Value Fund Advisors (IVFA) has committed $40 million to Vallabhdas Kanji Limited (VKL), a seasonings and spices producer, based on expectations of growth in the quick service restaurants segment (QSR) and processed foods industry.
VKL is the flagship company of the $100 million Kanji Moorarji Group, and makes food seasoning and flavoring solutions for domestic consumption as well as for export to the Middle East, Southeast Asia,...
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