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Kwality jumps 6% on capital infusion of Rs 520 cr by PE fund

"...has received capital commitment of upto Rs 520 crore via structured finance from KKR India to fuel its aggressive growth plans as the company continues to rapidly shift its business model towards B2C/retail segment," says the private dairy company.

July 13, 2016 / 10:56 IST
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Moneycontrol Bureau

Kwality shares rallied 6 percent intraday Wednesday on capital infusion by PE fund for aggressive expansion plans.

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"...has received capital commitment of upto Rs 520 crore via structured finance from KKR India to fuel its aggressive growth plans as the company continues to rapidly shift its business model towards B2C/retail segment," says the private dairy company.

The proceeds will be utilised to fund capex to further strengthen milk procurement infrastructure solely for high-margin value-added product categories including cheese, paneer, table butters, tetra-packs, flavoured milk and yoghurt among others.