Deal Street

September 28, 2017

Mandala Capital to invest $25 million in Keventer Agro

DSK Legal

Singapore-based Mandala Capital has acquired around 15% stake in Keventer Agro for approximately Rs. 170 Crore, making it one of the biggest private equity (PE) deals in the foods space in the east.

The investment will be utilized for expansion of its dairy business, operating through its wholly owned subsidiary, Metro Dairy Limited.

DSK Legal advised Mandala Capital Limited. The team included Associate Partner – Hemang Parekh, Senior Associates – Rukmini Bose and Ishita Luthra.

Fox & Mandal, Kolkata led by Partner Debanjan Mandal along with Senior Associate Sourav Bhagat and Associate Shruti Swaika acted for Keventer Agro.

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