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Rakesh Jhunjhunwala's fund invests about Rs 90 crore in Barbeque Nation, says report

Updated : July 25, 2018 09:42 AM IST

Top investor Rakesh Jhunjhunwala's co-founded firm, Alchemy Capital Management, is likely to have invested Rs 80-90 crore in CX Partners-backed casual dining restaurant chain Barbeque Nation Hospitality Ltd before the IPO placement, Mint reported. 
"Alchemy Capital has picked up a minority stake in Barbeque Nation through Alchemy India Fund for a consideration of around Rs 80-90 crore," sources told the paper.
The capital will be used to build new restaurants and for repayment of debt, the source had added.
Rakesh Jhunjhunwala's fund invests about Rs 90 crore in Barbeque Nation, says report
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