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
Wellness.

“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.”

Read the complete story at NDTV Profit.

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