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India Agri Business Fund II, a private-equity fund targeted at food and agribusiness companies in India, will invest about ₹100 crore in Parijat Industries to acquire a minority stake, Rabo Equity Advisors, investment advisors for the Fund, announced in a statement on Thursday. The statement added that Parijat, an agrochemical player, has a presence in 70 countries, with six international offices and exclusive distribution networks in India, Russia and the CIS and West Africa. “Parijat is looking to achieve sales of ₹1,500 crore by 2021 and expand its domestic distribution network to 10,000 retail points in three years from 4,500 at present,” the statement said.
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