Private equity firm Convergent Finance has made an investment of Rs 107 crore (USD 14.1 million) in Jyoti International Foods for a significant minority stake.
The investment, to be disbursed over a period, will be used for technology upgradation and new market development besides equity to undertake M&As and business expansions.
The investment will be disbursed over a period and used for technology upgradation and new market development besides equity to undertake M&As and business expansions.
Jyoti International Foods is a supply chain service provider offering a range of solutions including supply chain management, distribution, logistics, warehousing, procurement planning and vendor management systems.