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Bodhi Tree Investment: BTS invests $180 million in A2B; funds expansion and digital upgrades

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Bodhi Tree Investment: BTS invests $180 million in A2B; funds expansion and digital upgrades

Bodhi Tree to invest $180 million for a majority stake in Adyar Ananda Bhavan

At present, A2B operates 160 outlets, largely in southern states such as Tamil Nadu, Karnataka and Andhra Pradesh, and Puducherry, and 30 outlets globally, including in Singapore, the US, Australia and Malaysia.

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CHENNAI: In one of the largest deals in the Indian restaurant sector , Bodhi Tree System (BTS) announced a $180 million investment for an undisclosed majority stake in leading south-based vegetarian restaurant chain Adyar Ananda Bhavan (A2B).

The investment by BTS, an investor-operator platform co-founded by media veterans James Murdoch and Uday Shankar , is aimed at expanding the footprint of the Chennai-based brand in domestic and international markets, according to a statement.

At present, A2B operates 160 outlets, largely in southern states such as Tamil Nadu, Karnataka and Andhra Pradesh, and Puducherry, and 30 outlets globally, including in Singapore, the US, Australia and Malaysia.

Uday Shankar will serve as chairperson of A2B’s new board of directors. Industry sources said discussions over the tie-up had been going on for more than a year. “It is a joint venture between the two companies, wherein A2B co-founders and brothers K T Srinivasa Raja and K T Venkatesan will offer their guidance. The duo has a significant say in this partnership,” a source familiar with the developments said.

The deal is expected to strengthen A2B’s leadership and talent pool, build digital capabilities, modernise its kitchens, bring manufacturing up to global standards, expand its range of healthy and nutritious food, and grow its restaurant and packaged-food businesses across India and international markets.


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