India Digest: Berger to buy STP; Rebel Foods may back Dropkaffe; InCred gets debt

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Berger Paints India is set to acquire 95.53% stake in STP Ltd for an enterprise value of about $23.5 million. On the other hand, cloud-kitchen brand Rebel Foods is close to investing Rs 35 crore (about $5 million) in Dropkaffe Food and Beverages, while InCred has raised Rs 15 crore in secured NCDs.

Berger Paints to acquire construction materials maker

 Berger Paints India Ltd is set to acquire 95.53% stake in Kolkata-based maker of construction and related materials STP Ltd for an enterprise value of about $23.5 million (Rs 167.5 crore), per a report by VC Circle.

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