India: TPG-backed Dolda Dairy set to raise funds via IPO route

Photo: Pixabay

Dodla Dairy Ltd has filed a draft red herring prospectus with the Securities Exchange Board of India to raise funds via an initial public offering.

The main business of the company is the sale of milk and dairy-based value-added products (VAPs) in the branded consumer market. It has a strong consumer recognition, particularly in the States of Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter