Goldman, Mitsui lead $50 million investment in India-Japan F&B venture

Last Updated: Thu, Feb 20, 2014 09:07 hrs

Goldman Sachs and a unit of Mitsui & Co Ltd have led a 3,150 million rupee investment consumer goods firm Global Beverages & Foods Pvt Ltd, the investment banks said in a joint statement on Wednesday.

A. Mahendran, a former managing director for Godrej Consumer Products Ltd , will be chairman and managing director of Global Beverages & Foods and will also invest in the company, the statement said.

Global Beverages & Foods plans to build a portfolio of consumer brands to cash in on increased consumer spending in India.

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