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MTR parent eyes ₹10K-cr valuation in ₹1,667-cr IPO

October 25, 2025

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Financial Express Chandigarh

OFS opens next week; MD says readying war chest for acquisitions

- NESIL STANEY & VIVEAT SUSAN PINTO

ORKLA INDIA, BEST-KNOWN for its MTR and Eastern food brands, will raise up to ₹1,667 crore in an offer for sale (OFS) that will open on October 29, it said on Friday.

The initial public offering (IPO), which will close on October 31 (for retail investors), will see the company offer as many as 22.84 million shares in a price band of ₹695-730 apiece. For anchor investors, the IPO will open a day earlier on October 28. At the current price band, the company’s valuation will be ₹10,000 crore.

Thisisthe second OFSwithin weeks of South Korean major LG India's market debut this month which tooka similar route.

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Vi arm VITIL raises ₹3,300 cr

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Oman gives duty-free access to Indian medicines, vax

THE INDIA-OMAN ECONOMIC partnership agreement (CEPA) will grant immediate zero-duty access for key finished medicines and vaccines manufactured in India to the West Asian country.

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HCLTech to buy HPE telco biz for nearly $160 mn

IT SERVICES MAJOR HCLTech on Thursday said it has signed a definitive agreement to acquire the telco solutions business of Hewlett Packard Enterprise (HPE) for a cash consideration of up to $160 million, including $15 million of performance-linked incentives based on FY25.

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'We are scaling up expansion at Flipkart Minutes'

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Ola founder sells another 28.3 million shares; stock hits new low

OLA ELECTRIC FOUNDER

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