Orkla India INR16.6 billion IPO Marks Latest Milestone in India ECM Boom

"A&O Shearman advised the lead underwriters Citigroup Global Markets India, J.P. Morgan India, ICICI Securities and Kotak Mahindra Capital on the INR16.6 billion IPO of Orkla India, structured as an offer for sale by Orkla Asia Pacific and other shareholders. The shares were listed on the NSE and BSE on 6 November 2025."

A&O Shearman advised the underwriters Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited on the INR16.6 billion initial public offering of Orkla India Limited. The IPO, valued at INR16.6 billion, was conducted as an offer for sale by Orkla Asia Pacific Pte. Ltd and certain other existing shareholders. The shares were listed on the National Stock Exchange of India Limited and BSE Limited on 6 November 2025. Orkla India, a subsidiary of Norway-listed Orkla ASA, is a leading Indian food company with a strong presence in South India through its MTR and Eastern brands. The transaction reflects a broader trend of global conglomerates unlocking value by listing their Indian assets. "It’s another example of how we help clients navigate complex, multi-jurisdictional deals with confidence," said Pallavi Gopinath Aney. A&O Shearman represented clients Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited with a team composed by: Pallavi Gopinath Aney, Partner, Singapore; Mark Leemen, Partner, Sydney; Serena Upadhyay, Senior Associate, Singapore.

Orkla India INR16.6 billion IPO Marks Latest Milestone in India ECM Boom

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