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Orkla India IPO: MTR Foods Owner Files DRHP with SEBI for Public Offer

Orkla India has filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering of 2.28 crore equity shares offered by promoters and shareholders.
Promoter Orkla Asia Pacific Pte and others, holding a 90 percent stake, will sell their shares in the IPO, with no proceeds going to Orkla India.
Orkla India, formerly MTR Foods, is part of the growing Indian packaged food market, which is valued at ₹10.18 lakh crore in FY24 according to Technopak.
The IPO will include a 35% allocation for retail investors and was managed by ICICI Securities, Citigroup, JP Morgan, and Kotak Mahindra Capital.

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Orkla India IPO: MTR Foods owner files DRHP with SEBI for public offer

Orkla India IPO is entirely an offer for sale (OFS) of up to 2.28 crore shares by the promoter and other selling shareholders of the company. Orkla Asia Pacific Pte, Navas Meeran and Feroz Meeran are among the shareholders offloading stake via the OFS.

11 days ago·New Delhi, India

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The Hindu Business Line

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Orkla India files IPO papers with SEBI

Orkla India, which owns spices and condiments brands MTR and Eastern, has filed preliminary papers with markets regulator SEBI for an initial public offering.

11 days ago·New Delhi, India

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News18 India

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Orkla India files IPO papers with Sebi

11 days ago·India

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Orkla India Files IPO Papers with Sebi

Get latest articles and stories on Latest News at LatestLY. Orkla India, which owns spices and condiments brands MTR and Eastern, has filed preliminary papers with markets regulator Sebi for an initial public offering (IPO). Latest News | Orkla India Files IPO Papers with Sebi.

11 days ago

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The Free Press Journal

IPO: Eastern Spices Brand Owner Orkla India Files Papers With SEBI; ₹2.28 crore Offer For Sale Of Equity Shares, Says DRHP

Under the OFS, promoter Orkla Asia Pacific Pte and shareholders Navas Meeran and Feroz Meeran are offloading shares. At present, the promoters—Orkla Asia Pacific Pte Ltd. and Norwegian industrial investment company Orkla ASA—hold a 90 percent stake, while Navas Meeran and Feroz Meeran own a 5 percent stake each in the company.

11 days ago·Mumbai, India

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