PE firm drops out of Theobroma race as talks hit a valuation wall

Pro
Credit: Theobroma website

A private equity firm that was among the top contenders to acquire a stake in Theobroma Foods Pvt. Ltd has backed out after failing to reach an agreement over the bakery chain’s asking valuation, VCCircle has gathered.  Theobroma and its existing PE backer, ICICI Venture, have been engaged in discussions with ......

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