Orkla India IPO: MTR, Eastern Parent Aims To Raise 5,000 Crore Via Offer-For-Sale
Orkla India, owner of MTR and Eastern, plans to file a red herring prospectus for a mid-November IPO.
- Promoter Orkla Asia Pacific to offload up to 2.28 crore shares.
- Aims to raise up to Rs 5,000 crore via pure offer for sale.
Currently, promoters hold 90% stake, while Navas Meeran and Feroz Meeran own 5% each.
Orkla had filed a draft RHP in June, with SEBI approval by September.
Author's summary: Orkla India aims to raise 5,000 crore via IPO.
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