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Dairy company Milky Mist is set to raise Rs 357 crore (around $42 million) in a pre-IPO funding round, according to a filing with the Registrar of Companies (RoC).
However, the regulatory filing did not disclose the names of the investors participating in the pre-IPO round.
The company also received the board’s nod for the fresh issue of Milky Mist’s equity shares worth Rs 1,785 crore ($210 million), according to the separate resolution reviewed by Entrackr
This development…
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Dairy company Milky Mist is set to raise Rs 357 crore (around $42 million) in a pre-IPO funding round, according to a filing with the Registrar of Companies (RoC).
However, the regulatory filing did not disclose the names of the investors participating in the pre-IPO round.
The company also received the board’s nod for the fresh issue of Milky Mist’s equity shares worth Rs 1,785 crore ($210 million), according to the separate resolution reviewed by Entrackr
This development…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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