ChrysCapital invests $50 mn in Safex Chemicals
New Delhi: Agro-chemical firm Safex Chemicals India on Wednesday said ChrysCapital has invested USD 50 million (around Rs 362 crore) in the company for a minority stake. The transaction involves a combination of secondary sale by existing PE investor, BanyanTree Growth Capital, along with a primary raise by the company for growth initiatives, it said. […]
New Delhi: Agro-chemical firm Safex Chemicals India on Wednesday said ChrysCapital has invested USD 50 million (around Rs 362 crore) in the company for a minority stake.
The transaction involves a combination of secondary sale by existing PE investor, BanyanTree Growth Capital, along with a primary raise by the company for growth initiatives, it said.
ChrysCapital Managing Director Raghav Ramdev and industry veteran R Hariharan will join the board of Safex as nominees of ChrysCapital, it added.
Founded in 1991, Safex manufactures and sells branded agrochemicals. It has a pan-India presence with a network spanning over 10,000 distributors across 17 states.
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