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acquisition Mar, 21 2014

Lighthouse to buy stake in Bikaji Foods

The global PE investor to buy 25 percent stake.

By Franchise India Bureau
Lighthouse to buy stake in Bikaji Foods

Lighthouse Funds, a global private equity investor will purchase a 25 percent stake in Bikaji Foods International, Indian snack maker company for Rs 120 crore, stated a media report.

The Rajasthan-based company will use the funds to expand its manufacturing and distribution to markets outside North India entering the fastest growing ready-to eat food market.

According to an investment banker who is aware of the development, "Lighthouse Funds has signed the agreement to invest in the company.”

Related: Snowman Logistics to acquire Bengaluru-based food start-ups

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