Signals, Powered By EquityPandit
India Resurgence Fund (IndiaRF) is a joint venture between Piramal Enterprises Ltd and Bain Capital Credit has said that it has invested Rs 310 crore ($42 million) in Primacy Industries Ltd. The investment proceeds will be used towards strengthening the balance sheet of Primacy and providing fresh capital to fuel its growth plans.
- Bharat Electronics Wins Rs 1,155 Crore Contracts, Shares End Flat
- Aurobindo Pharma Arm Gets USFDA Approval
- Gravita India Set to Acquire Recycling Facility in Europe; Shares Fall
- Cleantech Startup Exposome Secured Funding of Rs 10 Crores from Colossa Ventures
- JSW Infrastructure to Raise Over Rs 5,000 Crore via QIP, Shares Up 6%
Primacy is a manufacturer in the fast-growing contracting business for fragrance-based consumer products in air care, personal care and health and hygiene categories. With an operating footprint across India, the US, Europe, Middle East and Australian markets, Primacy caters to some of the largest retailers and consumer products companies in the US, Europe and India. On the back of its manufacturing, design strengths, reliable and collaborative supply chain, Primacy is well-positioned to provide various product solutions to meet the demands of global brands and private labels, the fund said in its statement.
Stock Covered in the news
