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A visit to a Tata Tea garden in the region sowed the seed of the idea of plastic packaging in the mind of Kedia and his brothers
Founded in 1983, Manjushree has 21 locations across India, with its headquarters in Bengaluru, according to Advent's website
With the signing of the sale, Advent will withdraw the IPO application from Sebi, said one of the sources
"We are more aggressive than earlier, and we see the Covid-19 crisis as an opportunity to grab some businesses that make sense to us," said Sanjay Kapote, CEO, MTL
Deal value undisclosed; Advent also picks up some stake from promoter family