Mumbai, Nov. 12 -- Investment platform Bodhi Tree Systems on Thursday acquired a majority stake in the restaurant and snack shop chain Adyar Ananda Bhavan (A2B) for $180 million, providing fuel for its domestic and overseas expansion.

Veda Corporate Advisors was financial advisor to A2B while Moelis & Co. was transaction advisor to Bodhi Tree Systems. The size of the stake sold and A2B's valuation were not disclosed.

Mint was the first to report in July that Bodhi Tree Systems, backed by James Murdoch's Lupa Systems and Uday Shankar, was in talks to acquire the company at a valuation of Rs.3,000-3,500 crore.

"A2B has earned the trust of millions of families through its consistent and reliable quality," said Murdoch and Shankar, who joi...