Kedaara Capital acquires stake in Dairy Day, invests Rs 1,200 crore
Investment management company Kedaara Capital has acquired a majority stake in a leading ice cream brand in South India, Dairy Classic Ice Creams (Dairy Day). The firm has invested Rs 1200 crore which would provide full exit to Motilal Oswal Private Equity and other Angel Investors.
Dairy Day will soon add 1.5 lakh liters per day production capacity to its existing 2 lakh liters per day capacity and aims for accelerated growth with Kedaara's support.
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