Mumbai: Packaged foods and condiment maker Cremica Foods Industries Ltd is in talks to raise ₹500 crore from fresh investors as it plans to enter new categories as well as allow early investors to exit.Private equity firm Rabo Equity Advisors, which was the investment advisors for India Agri Business Fund II acquired a minority... read full story
"The total fundraising primary and secondary could be in the range of about ₹500 crore. Business plans are developing around that. Depending on the quality of investors, valuations could touch almost ₹1,800 crore,"