Everstone buys stake in Delhi restaurant chain
Everstone Capital has agreed to buy a 45% stake in Pind Balluchi, a New Delhi-based restaurant chain, for about $20 million. The private equity firm will invest in JS Hospitality Services, which operates about 30 restaurants under the Pind Balluchi brand.
"We have been active in the sector tracking the broad consumption theme," Dhandpal Jhaveri, Everstone's CEO, told The Economic Times. "With Pind Balluchi, we have seen an opportunity to scale up a quick...
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