India: Devi Seafoods planning $156m IPO in 2018

Photo by Cel Lisboa on Unsplash

Devi Seafoods Ltd, one of the largest seafood exporters from India, is in the process of hiring investment banks for a planned initial public offering (IPO), three people aware of the development said.

Founded in 1992 and based in Visakhapatnam, Andhra Pradesh, Devi Seafoods is a supplier of frozen shrimps with its own processing plant, aquaculture farms and shrimp hatchery.

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