Anmol Industries Files for 188 Million Dollar IPO
Indian biscuit maker Anmol Industries has filed for an initial public offering worth up to 18 billion rupees. The top investor is the sole selling shareholder in the offering, with no new shares being issued by the company.
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Anmol Files for $188M IPO
India biscuit maker Anmol Industries filed for an initial public offering worth 18 billion rupees ($187.87M) on Friday morning, according to draft papers. The offering consists entirely of existing shares being sold by top investor Baijnath Choudhary & Family Trust, which holds an 84% stake. Anmol will not receive any proceeds from the share sale.
