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Jayaram Banan looks set to buy back Sagar Ratna at a big discount

India Food Forum - 2023 > FOOD SERVICE > Jayaram Banan looks set to buy back Sagar Ratna at a big discount

Jayaram Banan looks set to buy back Sagar Ratna at a big discount

December 16, 2016 | indiafood forum | FOOD SERVICE

Restaurant chain Sagar Ratna’s original promoter Jayaram Banan is set to buy back the 90-store chain at a 35-40 per cent discount to the price at which he had sold it to India Equity Partners (IEP) Fund Advisors. The private equity firm had acquired 75 per cent stake in the popular chain for about `180 crore in 2011…READ MORE