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Goldman, Mitsui Lead $50-Mn Investment In India-Japan F&B Venture

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Goldman Sachs and a unit of Mitsui & Co Ltd <8031.T> have led a 3,150 million rupee investment consumer goods firm Global Beverages & Foods Pvt Ltd, the investment banks said in a joint statement on Wednesday.

A. Mahendran, a former managing director for Godrej Consumer Products Ltd, will be chairman and managing director of Global Beverages & Foods and will also invest in the company, the statement said.

Global Beverages & Foods plans to build a portfolio of consumer brands to cash in on increased consumer spending in India.

(Reuters)
 


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corporate news 4 goldman sachs mitsui india-japan venture