Orkla India capitalises on packaged food market with IPO filing

Orkla India, the packaged food giant known for its brand MTR, has officially filed preliminary papers with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The IPO will be a full Offer For Sale (OFS) consisting of 22,843,004 shares, meaning the company itself will not receive any of the proceeds, which will instead go to the selling shareholders.

by WhatPackaging? Team