IFC, TVS Capital invest Rs 125 cr in food processing firm

Private equity fund TVS Capital and International Finance Corp, an arm of World Bank, have jointly invested Rs 125 crore in rice processor, Dunar Foods.

Dunar, which is based in Haryana, exports basmati rice to West Asia, Europe and the US.

IFC, along with US private equity firm, Warburg Pincus, recently invested Rs 250 crore million in a non-banking finance company, Au Financiers.