Private Equity firm Lighthouse Funds has bought a 12.5 per cent stake in snacks maker Bikaji Foods International for Rs 90 crore ($15 million)..Luthra & Luthra acted for Lighthouse Funds with a team led by Mumbai Partner Amit Shetye along with Senior Associate Rohan Shah and Associates Satadru Goswami and Aastha Suman..Majmudar & Partners advised Bikaji Foods with a team led by Associate Partner Christopher Krishnamoorthy..The Rajasthan-based snack maker will use the funds to expand its manufacturing and distribution to markets outside North India and to enter the fastest growing ready-to-eat food market, reports ET.
Private Equity firm Lighthouse Funds has bought a 12.5 per cent stake in snacks maker Bikaji Foods International for Rs 90 crore ($15 million)..Luthra & Luthra acted for Lighthouse Funds with a team led by Mumbai Partner Amit Shetye along with Senior Associate Rohan Shah and Associates Satadru Goswami and Aastha Suman..Majmudar & Partners advised Bikaji Foods with a team led by Associate Partner Christopher Krishnamoorthy..The Rajasthan-based snack maker will use the funds to expand its manufacturing and distribution to markets outside North India and to enter the fastest growing ready-to-eat food market, reports ET.
