Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 27 2014

The restaurant chain also counts Wipro chief Azim Premji as a private investor.

Specialist Restaurant owned by Anjan Chatterjee went public in mid-2012, is trading below its IPO price.

Multi-stage investor SAIF Partners has increased its holding in fine dining chain operator Speciality Restaurants, owned by Anjan Chatterjee whose brands include Mainland China and Oh! Calcutta, stated a report in VCCircle.

The PE firm had originally invested in the company in 2007. It stayed put as Speciality Restaurants and went public in mid-2012 but has been raising its holding for the last one year.

SAIF Partners Fund IV invested Rs 14.4 crore ($2.36 million) to buy 2.27 per cent stake through open market on 25th September. Exchange filings show Speciality Restaurants' promoter Anjan Chatterjee sold 2.3 per cent stake the same day.

SAIF acquired 1,067,561 equity shares at a price of Rs 135 per share aggregating Rs 14.4 crore, taking its holding in Speciality Restaurants to 18.89 per cent.

The PE firm has previously bought shares worth around Rs 4.4 crore in February this year through open market transactions. Late last year too it had bought approximately 3.2 per cent from Glix Securities, another pre-IPO investor for Rs 18.74 crore.

Speciality Restaurants operates brands like Mainland China, Oh! Calcutta, Machaan, Sigree Global Grill, Flame & Grill, Haka, KIBBEH, Kix, Shack and a confectionery brand, Sweet Bengal.

Earlier this year, it formed a joint venture company in Doha, Qatar in partnership with Al-Mohannadi Group to expand its flagship brand serving oriental cuisine Mainland China overseas.  

Comment
Related opportunities
  • Others Food Service
    ABOUT Chicken Adda: Chicken Adda is best described as indescribable ...
    Locations looking for expansion Madhya Pradesh
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya Pradesh
  • Ice creams & Yogurt Parlors
    About Us Creamist-a venture of shaha food products is one of..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Mobile & Communication/Internet Connections
    About Us: Rocking Deals is the ultimate destination for deal-savvy buyers..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: •Sizzle House is the quintessential eatery, located on one..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities