Agriculture and livestock investor Hassad, which is owned by sovereign wealth fund the Qatar Investment Authority, paid $200m for the stake according to India’s Financial Express.
Standard Chartered had only held the minority stake in Bush for two years after making a $25m investment in April 2011.
That investment was earmarked to part-finance the expansion of the company’s manufacturing and processing units and support long-term working capital requirements.
Bush foods director Virkaran Awasty said, “We will use these investments to grow our brands both in the domestic as well as the international markets.”
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