Investment firm Bodhi Tree will invest $180 million for a majority stake in south Indian food chain Adyar Ananda Bhavan, according to a joint statement released November 12. The 50-year-old chain operates 160 domestic locations and over 30 international outlets serving traditional vegetarian dishes. The deal marks Bodhi Tree's first venture into the food sector as global investors target legacy culinary brands.
Bodhi Tree Buys Majority Stake in A2B for 180M
Bodhi Tree has agreed to invest 180 million dollars for a majority stake in popular south Indian food chain Adyar Ananda Bhavan. The deal marks the first food sector bet for the investment firm led by James Murdoch and Uday Shankar.
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