ChrysCapital invests $44m in Indian FMCG CavinKare
ChrysCapital Partners has invested INR 2.5 billion ($44 million) to buy a minority stake in Indian consumer goods producer CavinKare.
CavinKare started as a personal care brand, but has diversified into dairy, snacks, food and beverages. In March, C.K. Ranganathan, the company's chairman and CEO, said he would be diluting a 10% stake...
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