WestBridge closes in on Milky Mist funding at Rs 7000 cr valuation
India-focussed investment fund WestBridge Capital is in the final stage of closing a deal to acquire a minority stake worth Rs 800 crore in Tamil Nadu-based dairy products brand Milky Mist.
Deal Details: WestBridge is likely to have valued the company at about Rs 7,000 crore, three people in the know told us. The fund which manages more than $8 billion in assets, had been focusing on investments in the new-age tech space over the past few years. But with a tech turbulent market prevailing, the fund is deploying capital in public markets and scouting for more predictable private businesses.
