Parag Milk Foods IPO : Plans to raise Rs 400-500 crore

by khalid on 04/02/2011 · 1 comment

Pune based Parag Milk Foods, India’s largest private diary operator, is planning to come up with an Initial Public Offer (IPO) in a year’s time. The company is a popular diary operator and wants to raise Rs 400-500 Crores. This dairy company is owned by Devendra Shah. The main brand of the company is ‘Govardhan’.

The proceeds of the public issue are proposed to be utilized to to step up its presence in India and overseas by launching new products in milk, milk powder and cheese categories.

Stay tuned to BelltheBull Blog for more news on Parag Milk Foods IPO !

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