Mandala Capital of Singapore will be investing USD 10 million (around Rs 68 crore) to acquire 51 per cent stake in food processing laboratory EFRAC, West Bengal Finance Minister Amit Mitra said today.
Jain Irrigation Systems (JISL) shares rose by nearly 4 percent Thursday after the company's food processing arm raised Rs 402 crore from Mandala Capital.
Godavari Biorefineries has completed expansion of increasing dehydrated ethanol (fuel grade) manufacturing capacity to 50 million litres per annum at Sameerwadi in Karnataka.
The company's subsidiary Jain Farm Fresh Foods' (JFFFL) board has decided to raise Rs 396 crore from Mandala Capital — a firm focused exclusively on long-term investments in the food industries — subject to regulatory requirements
The success of Snowman Logistics' Initial Public Offering (IPO) proves that India's organised cold storage industry is finally out of deep freeze