Adani Wilmar plans to buy local food brands
Business Standard|January 29, 2022
Can help acquired firm scale up and take it global: CEO
SHARLEEN D'SOUZA

Edible oil major Adani Wilmar is looking to acquire food brands and expand its capacities in the segment with the amount it raises through its initial public offering (IPO).

“Capacity expansions are mostly going to be in the food segment, because that is where we are concentrating and that is where bulk of the IPO proceeds are being used," Angshu Mallick, managing director and chief executive officer of Adani Wilmar, told Business Standard.

He added that a small amount of the IPO proceeds will also go towards expanding its edible oil capacity in eastern India, where its capacity utilisation is high and the market is growing fast.

Continue reading your story on the app

Continue reading your story in the newspaper

MORE STORIES FROM BUSINESS STANDARDView All

Elon Musk Sued By Investors; Dorsey Quits Twitter Board

Silver Lake co-CEO fails to garner enough re-election votes

2 mins read
Business Standard
May 27, 2022

IndiGo flies high on hopes of profitability gains

Sustained growth in passenger traffic and pricing discipline are among key parameters

2 mins read
Business Standard
May 27, 2022

Experts suggest stock-specific bets

Amid choppy markets, they recommend investing in economy-facing sectors and select large-caps

2 mins read
Business Standard
May 27, 2022

Britain launches second probe into Google's ad practices

Britain's competition regulator on Thursday launched its second probe into the advertising practices of Google, saying the Alphabet-owned search giant could be distorting competition and may have illegally favoured its own services.

1 min read
Business Standard
May 27, 2022

RBI may introduce new IT outsourcing framework

Move could be in sync with new privacy Bill

2 mins read
Business Standard
May 27, 2022

Moody's cuts CY22 India growth forecast to 8.8%

Says rise in crude, food, and fertiliser prices will weigh on household spending

2 mins read
Business Standard
May 27, 2022

Auto parts sector all set for EV shift

India's auto component industry is all set to hitch its wagon to the electric vehicle (EV) revolution.

2 mins read
Business Standard
May 27, 2022

Irdai red-flags Piramal's bid for Reliance Capital

Group has promoter stake in Pramerica Life Insurance

2 mins read
Business Standard
May 27, 2022

Fintech's success shows support for reforms: PM

Projects worth ₹31.530 crore lined up for Tamil Nadu

2 mins read
Business Standard
May 27, 2022

Govt shelves privatisation of BPCL as bidders exit

Decision on restarting the process to be taken in due course post review

1 min read
Business Standard
May 27, 2022
RELATED STORIES

AirPods 3

Refined sound experience, with a huge battery

6 mins read
AppleMagazine
October 29, 2021

Airbnb Has A Nightmare Problem

When violent crimes happen during stays, the company’s secretive safety team is called on to soothe guests, help families—and prevent PR disasters

10+ mins read
Bloomberg Businessweek
June 21, 2021

Whitney Wolfe Herd – Bumble's Big Boss

How a former Tinder exec became a billionaire with her own revolutionary social networking and dating app

7 mins read
Maxim
May - June 2021

Get the Insider Scoop at Newly Public Health-Care Companies

Last year was a good year for at least one thing: initial public offerings in the U.S. With the frenzy of listings of special purpose acquisition companies, or SPACs, IPOs raised a total of $154 billion in 2020. That total was by far the largest of the past 10 years, and more than double the total from 2019, according to data compiled by Bloomberg.

2 mins read
Bloomberg Markets
February - March 2021

Tread Carefully in a Hot IPO Market

Be wary of high-priced debuts in a market that’s stacked against you.

5 mins read
Kiplinger's Personal Finance
March 2021

Airnbn, Resilient in Pandemic, Goes Forward With IPO

Airbnb proved its resilience in a year that has upended global travel. Now it needs to prove to investors that it sees more growth ahead.

5 mins read
Techlife News
December 12, 2020

Apple Shakes Off iPhone Slump To Deliver Strong Fiscal 4Q

Apple is still running a well-oiled moneymaking machine despite cooling demand for its hottest product, the iPhone.

3 mins read
Techlife News
November 01, 2019

The Trouble With Unicorn IPOs, Starting With Uber's

Maybe Uber Technologies waited a little too long to go public

3 mins read
Bloomberg Businessweek
May 20, 2019

Can Any Company Be A Tech Company?

The profitable salad chain Sweetgreen was on track to IPO. So why did its founders decide to pivot to tech?

10+ mins read
Inc.
May 2019

Unicorn Season

Do the impending IPOs of Uber, Pinterest, Airbnb, and others mean the bull market is ending?

4 mins read
Bloomberg Businessweek
April 1, 2019 - Double Issue