By Sabyasachi Samajdar, FoodBizDaily.com Bureau Chief – New Delhi
November 6, 2009 – Motilal Oswal Private Equity Advisors and Beacon India Private Equity Fund are trying to pick up around 15% stake in CK Jaipuria Group, PepsiCo India’s biggest bottlers that control around 40-50% of the PepsiCo India’s franchisee bottling business.
The Economic Times reported today that Mr. C K Jaipuria, CMD of the company declined comment.
The CK Jaipuria Group owns bottling plants in Andhra Pradesh, Delhi and Jammu & Kashmir, while Mr. C K Jaipuria’s brother Mr. Ravi Jaipuria’s RJ Corp is present in the north-east, western Uttar Pradesh, Rajasthan, Goa and West Bengal in the domestic market.
According to Motilal Oswal Private Equity Advisors Private Limited sources, the company is the private equity arm of Motilal Oswal Financial Services Limited. It has quickly emerged as one of the most active private equity funds in the country with the primary investment objective of achieving long-term capital appreciation by providing financial, strategic and operational assistance to emerging companies in the Mid Market space and Real Estate sector.
India Business Excellence Fund is a sector agnostic fund with a corpus of US$125 million from both Indian and Overseas investors. IBEF makes investments in Indian MMEs looking for growth capital and has made eight investments since its inception in January 2007 in companies across various industries.
The Beacon India Private Equity Fund (BIPEF) is a $200 Million growth capital private equity fund. BIPEF is registered in Mauritius and is regulated by the Mauritius Financial Services Commission. The Fund has a Foreign Venture Capital Investor (FVCI) License from SEBI.