WestBridge offers $52m for controlling stake in India's DFM
WestBridge Capital Partners has made a public offer to pay INR3.4 billion ($52 million) for a controlling stake in Indian snack maker DFM Foods.
The GP, which already holds a 25% stake in DFM that it bought in 2014 for INR645 million, plans to buy a further 2.6 million shares from public shareholders to increase its stake to 51%. According to a...
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