Highlights

  • Milky Mist likely to get an estimated investment of around Rs 800 crore
  • India-focused investment vehicle WestBridge Capital to invest in Milky Mist
  • Value Milky Mist Dairy Food at around Rs 7,000 crore.

Latest news

Delhi to Promote Linguistic Diversity with Multilingual Road Signages and Bureaucratic Nameplates

Delhi to Promote Linguistic Diversity with Multilingual Road Signages and Bureaucratic Nameplates

Punjab govt releases Rs 28 crore for pregnant women, lactating mothers under Matru Vandana Yojana

Punjab govt releases Rs 28 crore for pregnant women, lactating mothers under Matru Vandana Yojana

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

NDA and INDIA bloc MPs clash in Parliament; BJP accuses Rahul Gandhi of pushing its MP

NDA and INDIA bloc MPs clash in Parliament; BJP accuses Rahul Gandhi of pushing its MP

Punjab: Over 200 accident victims receive treatment under Farishtey scheme

Punjab: Over 200 accident victims receive treatment under Farishtey scheme

Jalandhar police returns seized property worth Rs 13 crores to rightful owners

Jalandhar police returns seized property worth Rs 13 crores to rightful owners

Goa CM Sawant Celebrates Liberation Day, Honors Freedom Fighters and State’s Progress

Goa CM Sawant Celebrates Liberation Day, Honors Freedom Fighters and State’s Progress

NDA, INDIA bloc MPs hold protest marches in parliament premises over Ambedkar issue

NDA, INDIA bloc MPs hold protest marches in parliament premises over Ambedkar issue

WestBridge is on the verge of investing Rs 800 crore in Milky Mist

Tamil Nadu-based dairy products company Milky Mist is likely to get an estimated investment of around Rs 800 crore. Previously the company was in discussion with other private equities to raise cash but nothing came of those discussions

WestBridge is on the verge of investing Rs 800 crore in Milky Mist

A deal to buy a minority stake in the Tamil Nadu based dairy products company Milky Mist, is close to being finalised by WestBridge Capital, which supports both private and public market companies.

Economic Times reported quoting sources that the estimated investment will likely total around Rs 800 crore and value Milky Mist Dairy Foods at around Rs 7,000 crore.

The discussions, which lasted over a year, are now complete, and WestBridge is nearing completion of all remaining formalities.

In order to raise money, Milky Mist has previously had negotiations with private equity and venture capital firms. These discussions, however, were unsuccessful. The company has never raised institutional capital before, as reported by Economic Times.

ADVERTISEMENT

Up Next

WestBridge is on the verge of investing Rs 800 crore in Milky Mist

WestBridge is on the verge of investing Rs 800 crore in Milky Mist

New Zealand falls into recession with abrupt economic slowdown

New Zealand falls into recession with abrupt economic slowdown

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

ADVERTISEMENT

editorji-whatsApp

More videos

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

 Indian Markets Open Lower Amid Caution Ahead of U.S. Federal Reserve Meeting

Indian Markets Open Lower Amid Caution Ahead of U.S. Federal Reserve Meeting

Five of top-10 most valued firms together add Rs 1.13 lakh Crore in market valuation

Five of top-10 most valued firms together add Rs 1.13 lakh Crore in market valuation

Airlines are price takers, they do not have influence on prices they pay: IATA Chief Economist

Airlines are price takers, they do not have influence on prices they pay: IATA Chief Economist

India’s import of Russian oil drops in November on shrinking discounts

India’s import of Russian oil drops in November on shrinking discounts

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.