Keventer Agro plans to raise Rs 700 crore; Mandala Capital might exit

The company is eyeing Rs 700 crore for its expansion plans in dairy and banana plantations

Kolkata-based Keventer Agro, one of the largest food and agriculture companies from eastern India, has begun talks for a fresh round of funding, said sources.

The company is eyeing $100 million (or Rs 700 crore) for its expansion plans in dairy and banana plantations. While talks are at a preliminary stage, it may lead to the exit of Mandala Capital, its current investor, paving the way for a new strategic partner, sources added.

In response to a mail, a company spokesperson said, “Keventer Agro is one of the fastest growing food and beverage companies from East India and as part