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Orkla India, known for spice brands MTR and Eastern, files for an IPO in India to raise funds.
Orkla India, the company behind spice brands MTR and Eastern, has filed for an Initial Public Offering (IPO) in India.
The IPO will be a full offer for sale, with proceeds going entirely to the selling shareholders, including promoters Navas Meeran and Feroz Meeran.
The company reported a revenue of ₹2,455 crore and a profit of ₹255.7 crore for the financial year ending March 2025.
ICICI Securities, Citigroup, JP Morgan, and Kotak Mahindra Capital are managing the IPO.
Orkla India faces risks including raw material price volatility and challenges in expanding its distribution network.
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Orkla India, conocida por las marcas de especias MTR y Eastern, solicita una oferta pública inicial en la India para recaudar fondos.