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Jan, 23 2014

Kwality plans to raise fund

Aims to sell its stake.

Kwality Dairy India Limited (KDIL) is selling stake in order to raise fund worth Rs 500 crore to expand its footprint globally along with the country.  If sources are to be believed the company is in talks with Rabo Equity Advisors to offload 14-15 percent of its stake. However, there are no official words from company’s side so far.

India Agribusiness Fund, Rabobank's private equity fund focused on the Indian food and agri-business sector with a committed capital of $120 million, is said to be the PE player interested in picking up the KDIL stake. 

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