Anmol, Devi Seafoods mandate banks for India IPOs

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By John Loh
16 Jan 2018

Anmol Industries has hired three banks to lead its flotation in India this year, which could raise around Rp10bn ($156m).

The biscuit manufacturer is working with local shops Edelweiss Financial Services, Motilal Oswal and ICICI Securities to file a draft prospectus within the next few weeks, according to bankers on the transaction.

The Kolkata-based firm headed by entrepreneur Baijnath Choudhary was formed from the merger of Anmol Bakers, ...

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