SUBSIDIARY NAME

The Kute Group of industries

COUNTRY

INDIA

SECTOR/ INDUSTRY

FOOD

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

June 22, 2022

ACQUISITION VALUATION

1.1 BILLION

TOTAL ASSET VALUATION

11 BILLION

FOOD

The Kute Group of industries acquired on June 22, 2022 and they are leading Edible Oil Producer / Manufacturer in India along with other verticals; Milk daily, Milk N Milk Products, Infrastructure, Real Estate, and logistics including Warehousing.

Activities – Manufacturing Of all Edible Oil in all variants and Dairy Products.
Group Investment – 8000 Crore (1.1 Billion USD)
Group Turn Over – 4200 Crore (600 Million USD),\IRR – 13%
Employment – 7,000.Requirement – 1.1 Billion USD for Expansion and growth Capital.