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Jagatjit Industries raises investment from KKR to support ongoing restructuring efforts

08 Jun 2016 Evaluate

Jagatjit Industries has raised an undisclosed amount from global investment firm KKR to support its ongoing restructuring efforts. The company will use the proceeds to build the brand appeal of the company’s liquor portfolio, streamline its portfolio, increase manufacturing capacity, strengthen the management team and expand its distribution reach.

Jagatjit Industries manufactures and markets alcoholic beverages, malt, malt extract, malted milk foods, milk powder, ghee, glass and pet containers.   

Peers
Company Name CMP
United Spirits 1422.15
United Breweries 1253.30
Radico Khaitan 4555.00
India Glycols 310.10
Allied Blenders&Dist 715.20
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