Agriculture and food-focussed investor Pioneering Ventures is increasing its stake to 90% in Desai Fruits and Vegetables, which it had incubated, by picking up 28.37% stake from Deepak Fertilizers and Petrochemicals Corporation Limited. In the deal, Pioneering Ventures will be acquiring stake from Deepak Fertilizers in two tranches wherein the first 21.51% has already been acquired for a consideration of 28.20 Crores and the remaining stake will be acquired later, according to Lex Consult about the deal that has also been reported by VCCircle.
Lex Consult advised
Hariani and Co acted for
2019-07-19
Deal value: INR 28.20 Crores
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
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You might want to edit the first para.
Well done Naresh and Majid.
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