PRE-MARKET
Milky Mist Dairy Food has announced its IPO price band as it aims for a valuation exceeding one billion dollars. This move comes after a reduction in share volume due to pre-listing stake sales to Temasek. The funds raised will be utilized for debt repayment and enhancing its facilities. The company's shares are anticipated to debut on August eighteenth.
Temasek-backed Milky Mist targets $1.13 billion valuation in trimmed India IPO
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Milky Mist Dairy Food has announced its IPO price band as it aims for a valuation exceeding one billion dollars. This move comes after a reduction in share volume due to pre-listing stake sales to Temasek. The funds raised will be utilized for debt repayment and enhancing its facilities. The company's shares are anticipated to debut on August eighteenth.
Key Highlights
Milky Mist Dairy Food has announced its IPO price band as it aims for a valuation exceeding one billion dollars.
This move comes after a reduction in share volume due to pre-listing stake sales to Temasek.
The funds raised will be utilized for debt repayment and enhancing its facilities.
Source
Economic Times
Published
1h ago
Impact Score
75 / 100
Category
Capital Markets
Moderate near-term volatility expected while markets assess implications for Capital Markets.
What this means
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