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Sequoia, CDC may seal Rs 680 crore deal for controlling stake in organic foods brand 24 Mantra

India Food Forum - 2023 > FOOD & GROCERY > Sequoia, CDC may seal Rs 680 crore deal for controlling stake in organic foods brand 24 Mantra

Sequoia, CDC may seal Rs 680 crore deal for controlling stake in organic foods brand 24 Mantra

January 9, 2017 | indiafood forum | FOOD & GROCERY

Venture capital fund Sequoia Capital and UK government-owned CDC Group are close to picking up a controlling stake in the country’s largest organic food maker Sresta Natural Bioproducts, which sells the 24 Mantra brand, multiple people familiar with the matter said.The deal, which is in final stages, is expected to give Sequoia and CDC, who are bidding jointly, around 70-80% stake in the Hyderabad-based company for nearly $100 million or Rs 680 crore, sources said. A foreign strategic player is also in talks with Sresta, but TOI was not able to ascertain its name…READ MORE