PE-backed Parag gets $52m anchor commitment for IPO
Parag Milk Foods has advanced its Indian IPO by attracting INR3.4 billion ($51.5 million) from anchor investors, including Asia-focused US private equity firm Indus Capital.
The anchor investors purchased about 15.1 million shares priced at INR227 apiece, led by Japan's Nomura India Investment Fund Mothers Fund, according to a statement. Indus participated through its Indus...
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