Biotor Industries LTD

biotor is the world's largest fully-integrated manufacturer of castor oils and castor derivatives, with operations across the entire value chain from contract farming of castor seeds to wholly owned retailing operations in europe and the united states. morgan stanley private equity asia, has invested us$38.5 million for a significant minority stake in biotor industries limited. this is morgan stanley private equity's first investment in india. commenting on the deal, mr. chin chou, managing director and head, morgan stanley private equity asia, said, "this investment in biotor represents morgan stanley private equity asia's strategy to invest in companies with exceptional management teams and unique competitive advantages. we are also pleased to be making our first investment in india." mr. rajesh kapadia, managing director for biotor industries limited, commented, "india produces over 75% of the global castor crop and thus has a unique competitive advantage, which has benefit