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

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

Photo: Pixabay

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.

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