StanChart invests in Indian chemicals group
Standard Chartered Private Equity, Limited (SCPEL), the private equity arm of UK’s banking Group Standard Chartered, will invest an INR850million ($18.9 million) in Privi Organics, a leading manufacturer, supplier and exporter of aroma chemicals in India, for undisclosed stake.
Established in 1992, the Mumbai based company produces over 50 products, with a capacity of over 7,000 tonnes per annum. In 1996, the company moved into international distribution, which has since boosted...
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