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Dodla Dairy files IPO papers with Sebi

Press Trust of India  |  New Delhi 

Dodla Dairy, a leading dairy company in South India, today filed draft papers with capital markets regulator Sebi to float an initial public offering.

The initial public offer (IPO) comprises fresh issuance of shares worth up to Rs 150 crore, besides, an offer for sale of up to 95,43,770 equity shares by TPG and Dodla Deepa Reddy, according to the draft papers filed with Sebi.

Proceeds from the issue will be used for payment of certain borrowings, purchase of equipments, and for

and will manage the company's initial share sale. The equity shares will be listed on NSE and BSE.

The company's operations in are primarily across the four south Indian states of Andhra Pradesh, Telangana, and Its international operations are based in and

Earlier in 2015, Prabhat Dairy came out with its IPO.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 09 2018. 19:30 IST