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 Dodla Dairy Holdings Pte Ltd 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 general corporate purposes.
Earlier in 2015, Prabhat Dairy came out with its IPO.
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