The private equity arm of India’s Infrastructure Development Finance Co said on Thursday it invested 1.5 billion rupees ($30.47 million) in an agriculture services company, Staragri Warehousing and Collateral Management Ltd.
IDFC private equity, which manages about $1.3 billion, will pick up a significant minority stake in the company, it said in a statement.
Staragri, a Jaipur-based company, is into agri-commodity warehousing services.
Source: Economic Times