Bodhi Tree Systems to invest $180 million for majority stake in south Indian food chain Adyar Ananda Bhavan
New Delhi, Nov. 14 -- Bodhi Tree Systems, an investment platform backed by James Murdoch's Lupa Systems and media executive Uday Shankar, will invest $180 million to acquire a majority stake in South Indian food chain Adyar Ananda Bhavan (A2B).
The investment is expected to support the restaurant chain's next phase of growth as it seeks to expand its footprint across India and strengthen its presence in international markets.
The partnership will help A2B consolidate its position in the food and restaurant industry while building on its established presence in South Indian cuisine, packaged sweets and savouries.
A2B has a significant presence in the South Indian casual dining segment, particularly in Tamil Nadu and Karnataka. The compa...
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