MOPE invests ~110 cr in Dairy Classic Ice Creams

MOPE Investment Advisors has announced it has invested ~110 crore for a minority stake in Dairy Classic Ice Creams (Dairy Day), a Bengaluru-based company engaged in the business of manufacturing and selling of ice creams and frozen desserts. This is the first round of private equity investment in the company. The funds would be used for capacity expansion in Tamil Nadu and Karnataka, strengthening the distribution network and brand-building , the company said.