Standard Chartered Pours $25M into Bush Foods Overseas

Standard Chartered Private Equity, a unit of Standard Chartered Plc , has invested $25 million in India’s Bush Foods Overseas, Reuters reported. Bush Foods Overseas processes and sells basmati rice. The investment will help the company expand its manufacturing and processing units.

(Reuters) – Standard Chartered Private Equity, a unit of Standard Chartered Plc , said on Wednesday it had invested $25 million in India’s Bush Foods Overseas, which processes and sells basmati rice.

The investment will be used to part finance the expansion of Bush Foods’ manufacturing and processing units and support the company’s long-term working capital requirements, Standard Chartered’s private equity unit said in a statement.

(Reporting by Sumeet Chatterjee; Editing by Aradhana Aravindan)