India: Organic food maker Sresta looks for a buyer, deal likely at $100 m

India’s largest organic food products maker Sresta Natural Bioproducts Pvt. Ltd has hired global advisory firm Alvarez and Marsal to find a buyer, a person familiar with the development said.

The Hyderabad-based firm, which sells the 24 Mantra brand of rice, pulses and oil among others, is in early talks with private equity funds and a deal is likely at Rs.600-650 crore ($100 million), this person said, asking not to be identified.

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