Bodhi Tree in advanced talks for Adyar Ananda Bhavan stake at up to ₹3,500 cr valuation
Bodhi Tree Systems is nearing a deal to acquire a minority-to-majority stake in Chennai QSR chain Adyar Ananda Bhavan at a ₹3,000-3,500 crore valuation, financed via an SPV and Bain Capital structured debt. The 140+ outlet chain posted FY25 revenue of ₹1,487.5 crore and aims to fund domestic and overseas expansion.
Bodhi Tree is in advanced talks to buy a minority-to-majority stake in Chennai QSR chain Adyar Ananda Bhavan at ₹3,000-3,500 crore, financed via SPV and Bain structured debt, to fund domestic and overseas expansion.
Why this matters
The talks signal PE interest in scaling Adyar Ananda Bhavan's 140+ outlet QSR footprint beyond Chennai, with structured debt backing aggressive domestic and overseas expansion.
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