Safari is currently the 3rd largest player in the branded luggage segment in India and is focused on the Soft & Poly Carbonate Luggage sub-segments. It is one of the fastest growing consumer luggage companies and is the best investment play on India’s burgeoning ‘travel’ class. This deal provided primary growth capital into the company.
Tano Capital invested INR 498 million by subscribing to preferential issuance of shares by the Company while the rest INR 198 million was invested by Sudhir Jatia by subscribing to share warrants of the Company.
Edelweiss Financial Services
Advised in the sale of
Safari Industries (India) Limited
to