Adyar Ananda Bhavan Sells Majority Stake to Bodhi Tree Systems in $180 Million Deal
Adyar Ananda Bhavan, the Chennai-based sweets and vegetarian restaurant chain, has sold a majority stake to Bodhi Tree Systems in a transaction valued at about $180 million, according to people familiar with the matter. The deal marks a significant move by the James Murdoch- and Uday Shankar-founded investment platform deeper into India’s consumer and food services market.
