Private equity funds CX Partners and Gateway Partners have acquired a significant minority stake in Mrs Bector’s Food Specialities Ltd. from Ajay Bector Group and Motilal Oswal Private Equity. According to media reports, the PE funds have invested around Rs. 450 crore ($67.5 million) to acquire a 47% stake. Platinum Partners advised CX Partners with a team led by Partner Ankit Majmudar, along with Senior Associate Yamini Dwarakanath and Associate Jagriti Mohata. AZB & Partners advised Gateway Partners with a team led by Partner Sachin Mehta, along with Vinit Nalavadi. Desai & Diwanji advised Ajay Bector and family members on […]
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