Diaper manufacturer Millennium Babycares raises Rs 122 crore from Bharat Value Fund

Millennium Babycares Ltd announced the closure of a Rs 122 crore private placement round with Bharat Value Fund (BVF), which acquired a significant minority stake. BVF is managed by Pantomath Capital and targets a corpus of Rs 2,000 crores. The funds will be used for market expansion in India and internationally.