Adyar Ananda Bhavan Sells Majority Stake to Bodhi Tree Systems for $180 Million
· Business · Moneycontrol, The Hindu
Chennai-based food and beverage chain Adyar Ananda Bhavan has sold a majority stake to the investment firm Bodhi Tree Systems. The deal is valued at $180 million. The transaction marks a significant shift in ownership for the popular South Indian sweets and snacks retailer. Bodhi Tree Systems, an investment platform backed by Uday Shankar and James Murdoch, will now hold a controlling interest in the company.
Why it matters
The acquisition marks a major consolidation in the Indian food retail sector, potentially accelerating the national expansion of the iconic Chennai-based brand.
Read the original report — Moneycontrol
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