Wealth Funds Back Parag Milk Foods Before IPO

Maharashtra-based Parag Milk Foods Pvt. Ltd., a manufacturer and marketer of dairy-based branded foods in India, raised approximately Rs 343 crore from a number of cornerstone investors ahead of its initial share sale. Parag Milk Founds was founded in 1992 and owns Gowardhan, one of India’s largest private dairies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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