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  3. PE firm Advent invests $150 million for minority stake in Iscon Balaji Foods
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India IPO
  • 19 May 2026
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 PE firm Advent invests $150 million for minority stake in Iscon Balaji Foods

Advent International will invest $150 million in Iscon Balaji Foods as part of a $215 million round, underscoring rising private equity interest in India’s frozen foods and QSR supply chain ecosystem.

PE firm Advent invests $150 million for minority stake in Iscon Balaji Foods

Priyamvada C

Priyamvada is a Mumbai-based business journalist at Mint. She writes about the public and private markets with a key focus on venture capital, private equity, M&As and private credit. Her coverage also spans startups and emerging businesses.Over the last two years, she has uncovered some of the largest deals and interviewed important decision-makers from India’s investment ecosystem. She likes to dabble across different formats like long forms and explainers. Her work has been consistently displayed on the publication's deals page, and she has also written multiple front-page stories.Prior to joining Mint in 2024, she worked out of Reuters’ Bengaluru bureau where she extensively covered the travel, transportation, and logistics industries. Across both her stints, Priyamvada has displayed rigour for breaking news and analyzing interesting data-driven trends. She holds a postgraduate diploma from the Asian College of Journalism's Bloomberg programme. In her free time, she enjoys reading books and trying out different cuisines. She is keen to delve deeper into the various sectors she covers and is always up for a chat. You can reach out to her at priyamvada.c@livemint.com.

Source: Livemint

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