FMCG firm CavinKare today said Mauritius-based private equity (PE) firm ChrysCapital has invested Rs 250 crore in the company for an undisclosed stake.
The company received the PE investment of Rs 250 crore from ChrysCapital in a structured deal, CavinKare said in a statement.
“This investment will be used to strengthen and expand its (CavinKare’s) existing brand portfolio ranging from shampoos, fairness cream, hair colours, deodorants, dairy, snacks, foods and beverages,” it added.
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