Last year the firm was reported to be looking at 74 per cent stake in the Indian arm of the Nando’s chicken restaurant chain, while earlier in 2012 it had picked up a controlling stake in Indian fast food chain Adiga’s.
The firm is reportedly looking at a minority stake in the North Indian restaurant operator, which was launched in Noida in 1998.
It later expanded to Vasant Vihar, Raja Garden, Gurgaon and Bengaluru. Its first venture away from the capital city was in 2011 to Bengaluru.
New Silk Route is a growth capital firm founded in 2006 with $1.4bn under management, focused on the Indian subcontinent, as well as other rapidly growing economies in Asia and the Middle East.
Most recently, AltAssets reported that New Silk Route could part-exit its investment in Indian cable and TV service Ortel Communications as part of an INR1bn ($18.7m) share issue.
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