Dairy: Midland’s Anand Kapoor and Bhaskar Kotecha seek $35 million extension
After applying to the Dutch FMO, the duo behind the Ugandan conglomerate is turning to a bigger donor for expansion and an even more significant amount.
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▪ Dairy: Midland’s Anand Kapoor and Bhaskar Kotecha seek $35 million extension
▪ After applying to the Dutch FMO, the duo behind the Ugandan conglomerate is turning to a bigger donor for expansion and an even more significant amount.
▪ https://www.africabusinessplus.com/en/815402/dairy-midlands-anand-kapoor-and-bhaskar-kotecha-seek-35-million-extension/
The plan is to increase yields and remain the region’s leading milk producer on the continent. The managers of Pearl Dairy, Anand Kapoor and Bhaskar Kotecha – whose families own the Midland group – have spent the last several months identifying and convincing backers to support their expansion project. Eager to strengthen their position in Uganda by modernising their assets and to reinforce their position in Kenya through acquisitions, they must mobilise substantial funding and are looking to obtain several tens of millions of dollars in loans.
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