IFC to invest $17m in India's Parag Milk Foods
Indian dairy company Parag Milk Foods is set to receive $17 million from International Finance Corporation (IFC). The capital will be used to expand milk processing projects in the regions of Manchar and Palamner.
Last September, Parag received a INR1.55 billion ($28.3 million) investment from IDFC Private Equity. This facilitated a partial exit by Motilal Oswal Private Equity, which invested $14.1 million in the...
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