WestBridge close to investing Rs 800 crore in Milky Mist at nearly Rs 7,000 crore valuation

India-focussed investment fund WestBridge Capital, which backs both private and public market companies, is in the final leg of closing a deal to acquire a minority stake in Tamil Nadu-based dairy products brand Milky Mist, three people in the know said.

The investment is likely to be about Rs 800 crore and will value Milky Mist Dairy Food at about Rs 7,000 crore, these people said on the condition of anonymity.