Private equity firms SAIF Partners and Aditya Birla Private Equity have invested just over INR700 million (approximately US$11.6 million) in a financing round for India-based juice manufacturing and marketing company Manpasand Beverages. The transaction valued the company at INR10 billion (approximately US$165 million). Post-investment, SAIF Partners and Aditya Birla Private Equity have an approximate 30 percent stake and a 5 percent stake, respectively, in the company. SAIF Partners originally invested US$10 million in Manpasand Beverages in 2011. The company intends to launch an initial public offering to finance additional factories and expand an existing facility.