date:Sep 20, 2012
In what is yet another clear sign of the growing interest of investors in Indias homegrown food processing industry, Parag Milk Foods has signed a new private equity deal to secure a huge funding boost.
The dairy company, which markets its products under the Gowardhan, Go and Pride of Cows brands, received US$28.7m from the private equity arm of IDFC, making it India's biggest dairy-sector PE deal.
The new funding will be used to build product capacity and strengthen its procurement network.