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FINANCIAL NEWS
JBG, TVS Shriram Growth Fund ink $11m deal
26 Dec 2010
(MENAFN) Chairman and Chief Executive Officer of Jawad Business Group (JBG) Faisal Jawad said that the Indian TVS Shriram Growth Fund invested $11 million in Om Pizzas and Eats Private Limited, a company promoted by the Bahraini based JBG, reported Gulf Daily News.
The CEO said that brands promoted by JBG have great potential to be marketed in India. He also said that brands in JBG portfolio included Papa John’s Pizza, Chili’s Grill and Bar and The Great Kabab Factory.
JBG owns a number of global franchise restaurants and retailers. It has presence in more than 650 restaurant and retail outlets all over the Gulf Cooperation Council.
TVS Capital chairman and managing director said that this opportunity fits well with the TVS Capital’s strategy to concentrate on consumption driven opportunities and exposure to significant macro driven opportunities in the eating out market.
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