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Orkla India raises ₹500 crore from anchors ahead of ₹1,667 crore IPO
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Orkla India secured ₹500 crore from anchor investors before its IPO, signalling strong demand ahead of its ₹1,667 crore offer for sale in the branded foods segment.
Consumer-foods firm Orkla India secured ₹500 crore from anchor investors ahead of its pending initial public offering of up to ₹1,667.54 crore. The allotment to institutions was priced at the upper band of ₹730 per share for 2.28 crore shares, ahead of the listing on November 6. Prominent participants include LIC Mutual Fund, Aditya Birla Sun Life MF, Nomura and Government Pension Fund Global. No fresh capital is being raised; the offer is a full offer-for-sale from promoter entities. The move underscores strong institutional demand for branded-foods listings in India’s consumer segment.