Yes Bank has launched a $100 million food and agribusiness India fund. The private equity fund plans to invest the entire amount in the next 1-2 years, with an investment between $5 million and $7.5 million per company. It is targeting average annualised returns between 20 per cent and 25 per cent.
The bank is in talks with 10 investors, including insurance companies, bilateral institutions and commercial banks who have expressed an interest in contributing to the corpus.
The fund will invest in companies operating in fruits and vegetables such as grain-based products, milk and milk-based products, poultry, spirits and beer, tea and coffee, confectionery, farm seeds, food services, food retail, food logistics and agri-infrastructure, including agri-market and cold storages sectors.
Read more in The Business Standard article.
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