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The Economic Times

Business

Biscuit maker Anmol Industries files for $188 million IPO

Indian biscuit maker Anmol Industries has filed for an initial public offering worth up to 18 billion rupees ($187.87 million), draft papers showed on Friday.

The Baijnath Choudhary & Family Trust, Anmol's top investor with a roughly 84% stake, is the sole selling shareholder in the IPO. Anmol is not selling any new shares and will not receive proceeds.

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