Kwality Surges 6%, KKR To Infuse Rs 520 Crore

Shares of Kwality Ltd jumped as much as 6 per cent to hit intraday high of Rs 118.35 after the dairy company said that it has received funding commitment of Rs 520 crore from private equity firm KKR. Delhi-based Kwality said the "proceeds shall be utilized to fund capex to further strengthen milk procurement infrastructure solely for high-margin value-added product categories including cheese, paneer, table butters, tetra-packs, fla...