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

Source : REUTERS
Last Updated: Thu, Feb 20, 2014 09:07 hrs
A Goldman Sachs sign is seen above their booth on the floor of the New York Stock Exchange

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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  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
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