India: Motilal Oswal PE invests $16m in Dairy Classic Ice Creams

India: Motilal Oswal PE invests $16m in Dairy Classic Ice Creams

Motilal Oswal Private Equity-managed India Business Excellence Fund has invested Rs.110 crore ($16.4 million) in Bengaluru-based Dairy Classic Ice Creams Pvt. Ltd, which is engaged in the business of manufacturing and selling of ice creams and frozen desserts, for a minority stake, as per a press release.

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