Convergent Finance invests $14 mn in Jyoti Foods

Date posted: Saturday 4 July 2020

Convergent Finance LLP, the Mumbai based private equity fund, has invested Rs.107 crore ($14.1 million) in Jyoti International Foods, an end-to-end Supply Chain solution provider in Indian food services industry, for acquiring a minority stake. The investment will be used for technology upgradation and new market development besides as an equity tap to undertake M&As and business expansions, said a company statement.

(Economic Times)