Mandala Capital has obtained approval from the Competition Commission of India (CCI) for a ₹2.9 billion (US$43.5 million) investment in Jain Irrigation Systems (JISL) and a ₹4 billion investment in Jain Farm Fresh Foods (JFFF). The investments will give Mandala Rose and Mandala PrimRose Co-Investment – special purpose vehicles of Mandala Capital – a stake of up to 7.55% in JISL and up to 17.35% in JFFF.
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