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Bodhi Tree to acquire majority stake in restaurant chain A2B for $180 Mn

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Bodhi Tree to acquire majority stake in restaurant chain A2B for $180 Mn

Chennai-based restaurant chain A2B (Adyar Ananda Bhavan) has entered into a $180 million deal with Bodhi Tree Systems, which will acquire a majority stake in the company.

Announced on November 12, the partnership will focus on expanding A2B’s operations across India and international markets. The investors also plan to strengthen the company’s management structure and prepare it for a potential stock market listing.

Founded nearly five decades ago, A2B has grown from a sweet shop into a food services business with around 160 outlets in India and over 30 locations overseas. The company employs more than 15,000 people and has a strong presence in Tamil Nadu and Karnataka. Its business spans restaurants, sweets, savouries and packaged food products.

Following the transaction, Uday Shankar, co-founder of Bodhi Tree Systems, will become chairman of A2B’s board. Bodhi Tree is an investment platform backed by James Murdoch’s Lupa Systems and Uday Shankar.

The partnership will focus on investments in technology, operational efficiencies and business capabilities, alongside strengthening A2B’s management team. It will also work towards making the company ready for a potential public listing.

Commenting on the development, A2B co-founder K T Srinivasa Raja said the business, which he started with his brother as a sweet shop 50 years ago, has become a part of everyday life for millions of families. He added that the partnership with Bodhi Tree would provide the resources and capabilities needed to support the company’s next phase of growth.

Murdoch and Shankar cited A2B’s brand recognition, consumer trust and international presence as key factors behind the investment.


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