Orkla India IPO consists only of an offer for sale from promoter and two other ahareholders. (Image: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Orkla India Ltd., the owner of spices and condiments brands MTR and Eastern, will launch its initial public offering this week. The IPO will open for subscription on Wednesday, Oct. 29 and close on Friday, Oct. 31. It consists of only an offer for sale of shares. Promoter Orkla Asia Pacific, along with public shareholder Navas Meeran and Feroz Meeran, will partciptate in the OFS.

Since it is an OFS, the company will not receive any proceeds from the IPO, and the entire amount of money will go to the selling shareholders. The company will seek investments from large institutions via the anchor round on Tuesday, Oc

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