360 ONE, TR Capital eye stake in Paper Boat maker ahead of 2027 IPO

Private equity firms 360 ONE and TR Capital are in talks to buy stakes in Hector Beverages, maker of Paper Boat, in a deal that could value the company at ₹2,700-3,000 crore. Existing investors A91 Partners and Sofina may partially exit, while Sequoia, Footprint Ventures and others may sell fully before the planned 2027 IPO. GIC's arm is the largest shareholder.