FMCG firm Cavin-Kare on Monday said Mauritius-based private equity firm ChrysCapital has invested Rs 250 crore in it for an undisclosed stake.

“This investment will be used to strengthen and expand its (CavinKare’s ) existing brand portfolio ranging from shampoos, fairness cream, hair colours, deodorants, dairy, snacks, foods and beverages,” it added.

The company, however, did not share stake sale details. JM Financial acted as the sole financial advisor to CavinKare for the deal. “The investment from ChrysCapital will give a strong financial boost to the company, given the rapid expansion and diversification undertaken in the last few years,” CavinKare chairman and MD CK Ranganathan said