# Bodhi Tree Buys Majority Stake in Adyar Ananda Bhavan for $180M

> Investment platform Bodhi Tree Systems partners with the South Indian food chain to build a global ethnic food brand.
- Title: Bodhi Tree Buys Majority Stake in Adyar Ananda Bhavan for…
- Summary: Investment platform Bodhi Tree Systems partners with the South Indian food chain to build a global ethnic food brand.
- Keywords: adyar ananda bhavan, a2b, bodhi tree systems, james murdoch, uday shankar, k t srinivasa raja, vedacorp, restaurant acquisition, south indian food, ipo preparation, Moneycontrol
- Source: Moneycontrol — https://moneycontrol.com/news/business/funding/chennai-based-adyar-ananda-bhavan-sells-majority-stake-to-bodhi-tree-systems-for-180-million-14078464.html/amp
- Read time: 1 min
- Topics: adyar ananda bhavan, a2b, bodhi tree systems, james murdoch, uday shankar, k t srinivasa raja, vedacorp, restaurant acquisition, south indian food, ipo preparation
## Bodhi Tree buys majority stake
Chennai-based Adyar Ananda Bhavan sold a majority stake to Bodhi Tree Systems for $180 million on November 12.
## Backed by Murdoch and Shankar
The investment platform is backed by James Murdoch and Uday Shankar to expand the South Indian food chain globally.
## Extensive retail and international footprint
Adyar Ananda Bhavan operates around 160 Indian outlets, over 30 international locations, and employs more than 15,000 people.
## Uday Shankar named board chairman
Following the transaction, co-investor Uday Shankar will take over as chairman of Adyar Ananda Bhavan's board of directors.
## Preparing for public market listing
Bodhi Tree Systems plans operational and technology investments while preparing the restaurant chain for a potential public market listing.
## Fifty years of brand history
Co-founder K T Srinivasa Raja noted the business began 50 years ago as a sweet shop with his brother.

> What began as a sweet shop started by my brother and me 50 years ago is now part of daily life for millions of families
## Global presence drives future expansion
Murdoch and Shankar highlighted international outlets in Singapore, the US, Australia, Malaysia, and the UK for global brand expansion.
## VedaCorp advises on the deal
Financial advisory firm VedaCorp advised on the transaction, which aims to take the brand to a wider global audience.
## Key takeaway

Bodhi Tree Systems acquired a majority stake in Adyar Ananda Bhavan for $180 million to expand the restaurant chain globally and prepare for a potential public listing.