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Chennai-based Aachi Masala is in advanced talks to raise $80-100 million (RS 671-839 crore) from India Resurgence Fund (IndiaRF), a private equity firm backed by Piramal Enterprises and Bain Capital, a media report said. Due diligence by IndiaRF is reportedly causing delays due to Aachi’s intricate business structure, Mint reported, citing people familiar with the matter. The ......
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