Goldman, Mitsui lead $50 mn investment in India-Japan F&B venture

A Mahendran to be chairman, MD of the venture

Goldman Sachs and a unit of Mitsui & Co Ltd have led a Rs 315 crore investment in consumer goods firm Global Beverages & Foods Pvt Ltd, the investment banks said in a joint statement on Wednesday.

A Mahendran, a former managing director for Godrej Consumer Products Ltd , will be chairman and managing director of Global Beverages & Foods and will also invest in the company, the statement said.

Global Beverages & Foods plans to build a portfolio of consumer brands to cash in on increased consumer spending in India.