Qatar’s Hassad Food buys majority stake in Bush Foods; StanChart PE to exit at 3x

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Qatar-based Hassad Food has acquired an undisclosed majority stake in Standard Chartered Private Equity-backed Bush Foods Overseas Pvt Ltd, a Delhi-based firm that makes and exports basmati rice. According to sources familiar with the development, the deal gives Bush Foods an equity valuation of $200-225 million (Rs 1,080-1,200 crore).According to ......