StarAgri received a strategic equity investment of Rs. 150 crore from IDFC Private Equity in 2012 for a significant minority stake in the company. IDFC is India’s leading integrated infrastructure finance company with interests in telecommunications, IT, real estate infrastructure development and a mandate for Nation-building.
IDFC brings a successful track-record of building and financing diverse infrastructure initiatives across the country and has partnered with StarAgri to replicate the success in building India’s agri-warehousing and logistics infrastructure. StarAgri will utilize this fund to expand its warehouse reach and create a pan-India network of allied services as a fully-integrated post harvest management player.
IDFC PE representatives on the Board of Directors participate in building the strategy of the Company and corporate governance best practices to create an inclusive and responsive business model.
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