Global investment firm Carlyle acquires majority stake in VLCC

"The investment underscores Carlyle's overall conviction in India's long-term economic and domestic consumption growth, which the team believes is characterised by product premiumisation and a shift in preference amongst the rising middle-class towards established brands," said a joint statement.

Global investment firm Carlyle acquires majority stake in VLCC
"The investment underscores Carlyle's overall conviction in India's long-term economic and domestic consumption growth, which the team believes is characterised by product premiumisation and a shift in preference amongst the rising middle-class towards established brands," said a joint statement.