Poging GOUD - Vrij
MTR Foods owner Orkla files draft papers for IPO
Mint Mumbai
|June 12, 2025
The IPO will consist solely of an offer-for-sale of 22.8 mn shares by promoter entity, others
Orkla India, the parent company of food brands like MTR Foods and Eastern Condiments, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO), which will consist solely of an offer-for-sale (OFS) of 22.8 million shares by the promoter entity, Orkla Asia Pacific Pte and other shareholders, Navas Meeran and Feroz Meeran.
This means that the IPO will not raise any fresh capital for Orkla India and all proceeds from the share sale will go only to the selling shareholders.
While the company has not officially disclosed the issue size, a person with direct knowledge of the matter said it could be in the range of ₹3,200-3,500 crore. Orkla India declined to comment on the projected issue size.
Orkla Asia Pacific Pte Ltd and Norwegian industrial investment firm Orkla ASA—collectively hold a 90% stake in the company.
Dit verhaal komt uit de June 12, 2025-editie van Mint Mumbai.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Mumbai
Mint Mumbai
RBI may stay on pause as inflation clouds outlook
A Mint poll suggests the central bank may also maintain its neutral stance
4 mins
June 01, 2026
Mint Mumbai
Pvt Adani co quietly builds ₹50,000-cr orders, eyes buyouts
A little-known Adani Group company has quietly emerged as one of India’s largest infrastructure platforms and is now looking to strengthen its in-house project execution capabilities through acquisitions, according to an India Ratings report of 2 April and an executive familiar with the matter.
2 mins
June 01, 2026
Mint Mumbai
Cash-futures split, likely HFT play signal rebound
The steep market correction in the last 30 minutes of Friday's trading was likely a one-off affair due to a technical index review, with the stage set for a bounce within a narrow 300-point range that the Nifty has largely traded over the past month, analysts said.
3 mins
June 01, 2026
Mint Mumbai
GATES SPENT YEARS CRAFTING HIS IMAGE. NOW IT'S CRACKING.
Revelations of the billionaire philanthropist’s ties to Jeffrey Epstein are eroding efforts to burnish his reputation
13 mins
June 01, 2026
Mint Mumbai
The high-stakes hunt for the next Amazon in the AI haystack
Where will the money be made next in artificial intelligence? Bankers are gearing up to sell SpaceX, Anthropic and OpenAI to investors in a series of giant IPOs. Should investors just buy anything with a hint of AI, or try to find the bottlenecks in the parts of the AI supply chain, the “stack,” where bottlenecks capture more of the value?
3 mins
June 01, 2026
Mint Mumbai
Youthful workers at Infosys are now fewest in 15 years
Almost half of Infosys Ltd’s 320,000 employees are now over 30 years old, the highest in the last 15 years, underscoring the challenges faced by the country's second-largest information technology (IT) services firm as more young people explore careers beyond the IT sector.
3 mins
June 01, 2026
Mint Mumbai
RIL cuts new hires by 90,000 in FY26, headcount nears 420,000
Reliance Industries Ltd (RIL), one of India’s largest employers, may have reduced its new hirings by as much as 90,000 in fiscal year 2026 (FY26) from the previous year.
3 mins
June 01, 2026
Mint Mumbai
Beyond Dalal Street: Why global exposure is key to diversification
Investing in global stock markets is increasingly being seen as a hedge against concentration and currency risks
4 mins
June 01, 2026
Mint Mumbai
The U.S. has found a way to down a drone without spending $1 mn
On a ridge overlooking the South China Sea, a group of U.S. Marines in tactical vehicles took aim at a fixed-wing drone soaring toward them.
3 mins
June 01, 2026
Mint Mumbai
SpaceX, OpenAI fuel Asian AI bets
Investors increasingly honing in on Asian supply chain
2 mins
June 01, 2026
Listen
Translate
Change font size