Piramal-Bain's IndiaRF invests Rs 550 cr for majority stake in Impresario

India Resurgence Fund (IndiaRF), an India-focused investment platform backed by Piramal Enterprises Limited and Bain Capital, has invested Rs 550 crores in food and beverage (F&B) company Impresario Entertainment and Hospitality Private Limited. With this, IndiaRF has become the majority shareholder of Impresario.

Funds will be used by the company to fuel the further expansion of Impresario’s business.

Shantanu Nalavadi, Managing Director of IndiaRF, said, “We plan to work alongside and augment the efforts of the management team, by leveraging on our deep operational engagement across multiple sectors. We believe that the next decade will see significant opportunities for Impresario