Mumbai, Nov. 3 -- Bahrain-based investment firm Investcorp is exploring an exit from its investment in the parent entity of Kerala-based Kitchen Treasures, in a deal that is likely to value the food and spice brand at Rs.800-1,000 crore, two people familiar with the matter said.

"Investcorp holds a sub 25% stake and is now looking to exit its seven-year-old investment in the company. They have begun engaging with advisors and the deal is expected to formally launch early next year," one of the people cited above said.

Owned by the Synthite Group through its subsidiary Intergrow Brands, the company is likely to see a secondary sale by existing investor Investcorp. The transaction may also include a primary component if the company seeks ...