Navis Cap acquires Nirula's stake
May 25 2012, 14:05 | By SME Mentor
Nirula\'s outlet at New Delhi airport.
Navis Capital acquired the remaining stake in Delhi-based fast-food chain Nirula's Corner House Pvt Ltd, held by Samir Kuckreja.
Navis Capital had acquired a majority stake in Nirula for Rs 90 crore and post-acquisition, it invested Rs 30 crore directly and procured another Rs 20 crore from franchisees for store roll-outs, equipment and kitchens.
Nirula's operates largely on the franchisee structure and its stores include dine-in restaurants, pastry shops, ice-cream parlours, hotels and coffee shops.
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