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IFC to invest $23 mn in Hyderabad poultry firm Srinivasa Farms

The fresh capital will help Srinivasa expand its layer, broiler and breeding operations by setting up additional farms and hatcheries.
BY BEx Bureau
BusinessEx
Jul 26, 2018

International Finance Corporation plans to make an equity investment of $23 million (Rs 158 crore) in Srinivasa Farms Pvt. Ltd to help the Hyderabad-based poultry company expand its operations.

The fresh capital will help Srinivasa expand its layer, broiler and breeding operations by setting up additional farms and hatcheries, the World Banks private-sector investment said in a disclosure.

It will also the company expand its feed mills and add soya refineries, set up a food park and set up chicken and egg processing businesses, IFC said.

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