New Delhi, Mar 14 (PTI) JM Financial Private Equity on Thursday said it has committed an investment of Rs 45 crore in Energy Beverages Pvt Ltd which owns bottled water brand 'Clear Premium Water'.

This is the fifth investment from the Fund III, and is in line with its stated strategy of investing in growth-oriented companies in the mid-market space, JM Financial Private Equity said in a statement.

Also Read | Ram Mandir in Ayodhya Witnessing Average Footfall of 1 to 1.5 Lakh Pilgrims Daily, Says Temple Trust.

Energy Beverages has emerged as a leading player in the HoReCa (hotels, restaurants & cafés) segment and is gaining a footprint in the retail market in India, it said.

With a pan-India footprint, the company is strategically expanding its distribution across the nation, it said.

Also Read | Who Is Nayab Saini? All You Need To Know About BJP Leader Set To Be New Haryana CM.

Proceeds from the investment will support brand building initiatives and enhancing the existing capacities and distribution network of the company, it added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)