The main focus of Mumbai-based PurO Wellness is on producing organic food ingredients.
Torrent has invested Rs. 188 crore to acquire a 75 per cent stake in healthcare start-up PurO
“Torrent Ltd, the promoting holding company of Torrent Group, has invested Rs. 188 crore… Ruchir Modi, founder and director of PurO Welness has invested Rs. 62 crore which brings a total of Rs. 250 crore as seed funding for this start-up initiative,” PurO Wellness said in a statement.
“With this development, the Torrent Group will now own 75 per cent and Ruchir Modi (will hold) 25 per cent stake in this new venture.”
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