Yes Bank to set up new Food and Agribusiness Fund
New Delhi, July 4 (UNI) Yes Bank today announced that it would set up a new private equity fund to capitalise on the strong growth potential of Food and Agri related sectors.
The fund would involve an investment of 75-100 million dollar and would be rolled out within the next 3-4 months.
''This fund will invest in companies engaged in farm imports, food retailing and business of organic foods and ready-to-eat food business,'' Yes Bank Managing Director and CEO Rana Kapoor said.
The bank has appointed Sonal Shah as as the Senior Director- agri business funds management.
Ms Sonal, who will be based at the bank's northern region headquarters at New Delhi, will be responsible for setting up and managing the Food and Agribusiness (Private Equity) Fund.
Ms Sonal will be involved in all activities of the fund including, raising funds, identifying and investing in suitable companies amongst others.
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