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Mumbai | New Delhi: Homegrown private equity firm ChrysCapital has agreed to acquire pan-India bakery chain Theobroma Foods for ₹2,410 crore, said people with knowledge of the matter. According to an agreement signed between the parties, ChrysCapital will buy around 90% stake from the company's promoters and existing investor ICICI Venture. The promoters will retain about a 10% stake, the people said. ICICI Venture holds a 42% stake in Theobroma. In 2017, ICICI Venture bought the stake for $2 ...Read More >
Mumbai, June 5 (UNI) A massive fire broke out at the Monginis cake shop located inside Churchgate railway station in south Mumbai on Thursday. The incident was reported at approximately around 5.27 PM in the evening. According to preliminary information, the fire erupted in the shop situated within the premises of Churchgate station was doused within half an hour. However, no injury was reported in this incident. The reason of the fire has yet to be ascertained. UNI AAA SS ...Read More >
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