Bain-backed IndiaRF takes controlling stake in Anthea Aromatics for $118m

Bain-backed IndiaRF takes controlling stake in Anthea Aromatics for $118m

Source: Shantanu Nalavadi, Managing Director of IndiaRF

India Resurgence Fund (IndiaRF), an India-focused investment platform promoted by Piramal Enterprises and Bain Capital, on Monday said it has agreed to invest Rs 1,000 crore ($118 million) for a controlling stake in chemicals manufacturer and exporter Anthea Aromatics.

Edited by: Pramod Mathew

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