Economic TimesLean R·
Biscuit maker Anmol Industries files for $188 million IPO
Indian biscuit maker Anmol Industries has filed for an initial public offering worth up to 18 billion rupees ($187.87 million), draft papers showed on Friday.The Baijnath Choudhary & Family Trust, Anmol's top investor with a roughly 84% stake, is the sole selling shareholder in the IPO. Anmol is not selling any new shares and will not receive proceeds.Founded in 1994, Kolkata-based Anmol has a portfolio of biscuits, cookies and cakes offered through 70 brands and also exports to 31 countrie…
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