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Avestha To Buy Renaissance Herbs

Avestha Gengraine Technologies Pvt. Ltd., a Bangalore, India-based biotech and bioinformatics company, has agreed to acquire Renaissance Herbs, a Chatsworth, Calif.-based maker of botanical healthcare products. No financial terms were disclosed. Avestha shareholders include ICICI Venture Funds, Tata Industries Ltd., Godrej Industries, Cipla, Fidelity International, Daninvest, Groupe Limagrain, The Times Group and New York Life Capital Partners. www.avesthagen.com www.renaissanceherbs.com