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PE firm Convergent Finance leads $22 mn funding in Hindustan Foods

Hindustan Foods makes a range of food and non-food products in the cosmetics, personal care and home care space for top FMCG customers

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Ranju Sarkar New Delhi
Newly-formed private equity firm Convergent Finance is leading a $22 million (Rs 154 crore) funding round in Hindustan Foods Limited, a leading contract manufacturer for the FMCG industry. This could see it pick a a significant minority stake of between 20 per cent and 26 per cent (on a fully-converted basis), the investor said in a statement. 

Hindustan Foods manufactures a range of food and non-food products in the cosmetics, personal care and home care space. With factories across six locations, the company offers reliable, pan-India contract manufacturing services to top FMCG customers who are looking to minimise cost while

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First Published: Feb 27 2019 | 5:37 PM IST

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