US-based Ingredion to invest Rs 198cr in Sanstar, set up JV

Mumbai: Ingredion Inc, US-based ingredient solutions multinational company in the food, beverages and pharma sectors, is investing nearly Rs 200 crore in Ahmedabad-based Sanstar Ltd, a leading corn-based specialty products and ingredient solutions firm through the preferential allotment route. The investment by the US major is part of a strategic partnership between the two companies that are also setting up a joint venture in India, a release from Sanstar said.

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