Fund managed by Motilal Oswal Private Equity invests in maker of Cycle agarbathis

COIMBATORE: Motilal Oswal Private Equity (MOPE), through its third private equity fund, India Business Excellence Fund – III, has invested an undisclosed amount for a minority stake in N Ranga Rao & Sons (NRRS), a Mysuru-based company that sells agarbathis under the popular ‘Cycle’ brand.