Bodhi Tree acquires majority stake in South Indian food chain Adyar Ananda Bhavan for $180 mn
Chennai, Nov. 13 -- Bodhi Tree Systems, a platform backed by James Murdoch's Lupa Systems and Uday Shankar, will invest USD 180 million to acquire a majority stake in South Indian food chain Adyar Ananda Bhavan (A2B), as the company looks to expand its presence across India and international markets.
The partnership will support A2B's next phase of growth and help it strengthen its position in the food and restaurant industry.
A2B operates in the South Indian casual dining segment and is also known for its packaged sweets and savouries.
The company has a strong presence in Tamil Nadu and Karnataka, with 160 outlets in India and more than 30 outlets internationally. It employs over 15,000 people.
The food chain has an international pre...
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