Reuters – ChrysCapital Invests in India’s CavinKare

Private equity firm ChrysCapital has invested about $44.01 million in Indian consumer products maker CavinKare, writes Reuters. The investment will be used to strengthen and expand the brand portfolio of the south India-based consumer products company, CavinKare said, without disclosing further terms of the transaction.

Reuters – Private equity firm ChrysCapital has invested about $44.01 million in Indian consumer products maker CavinKare, the companies said in a statement late on Monday.

The investment will be used to strengthen and expand the brand portfolio of the south India-based consumer products company, CavinKare said, without disclosing further terms of the transaction.

JM Financial Ltd was the sole adviser to the transaction, it added.

($1 = 56.8000 Indian rupees) (Reporting by Indulal PM; Editing by Supriya Kurane)