RJ Corp Plans To Tap PE

RJ Corp Plans To Tap PE - RJ Corp, the diversified conglomerate owned by serial entrepreneur Ravi Jaipuria, plans to tap private equity funds or venture capitalists to raise funds for its global expansion in the unexplored, high-potential African market with plans to amass $180-200 million from the food and beverages business this year. The company plans to set up dairy businesses in Rwanda by the year-end and in Tanzania by mid-2010 through buyouts or greenfield ventures. In beverages, it plans to establish three greenfield plants this year—in Zambia by April-May, and one each in Zimbabwe and Malawi by the year-end. Source: ET