Orkla India, which owns spices and condiments brands MTR and Eastern, on Tuesday said it has raised around Rs 500 crore from anchor investors, a day before its maiden public opening for subscription. The allotment saw participation from a strong mix of leading domestic and global institutional investors. The prominent investors included Nippon India Mutual Fund, Aditya Birla Sun Life Mutual Fund, LIC Mutual Fund, Baroda BNP Paribas Mutual Fund, Nomura Funds Ireland, Government Pension Fund Global, Jupiter ...

Multi-category food maker Orkla India, which owns the MTR and Eastern brands, is tapping the domestic market with a ₹1,667-crore public issue (October 29–31). Shares are being offered in a price band of ₹695–₹730 in this 100 per cent Offer for Sale of up to 2.28 crore shares by existing shareholders, valuing the company at an implied m-cap of around ₹10,000 crore. Norwegian promoter Orkla ASA will hold 75 per cent post-listing, while the Meeran brothers are also diluting their stake through the offer.At the ...

Orkla India Ltd., the company behind popular South Indian food brands MTR and Eastern, will open its initial public offering on October 29, 2025, seeking to raise approximately ₹1,668 crore through an offer-for-sale. The issue, priced between ₹695-730 per share, will close on October 31. The IPO is entirely an offer-for-sale with promoter Orkla Asia Pacific Pte. Ltd. offloading 2.06 crore shares and two investor shareholders selling 11.41 lakh shares each. Post-issue, the promoter holding will decline from ...