New Silk Route invests in Vasudev Adiga’s Fast Food
New Silk Route (NSR) has made its second investment in India’s food and beverage sector, picking up a minority stake in Vasudev Adiga’s Fast Food, which runs a chain of south Indian restaurants. The capital comes from a $100 million allocation NSR has earmarked for food and beverage deals.
The size of the transaction was not disclosed but sources cited by LiveMint claimed that NSR's stake in Vasudev Adiga's will increase as more capital is infused for expansion. This would see the private...
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