IPO
Sebi puts Gemini Edibles' Rs 2,500-Cr IPO in abeyance
Capital markets regulator Sebi has put the proposed INR 2,500-crore initial share-sale of edible oil major Gemini Edibles & Fats India in "abeyance". In August, the company had filed preliminary papers for an entirely offer for sale (OFS) issue by the company's promoter and existing shareholders. As a part of the OFS, Black Riverfood 2 Pte was to offload equity shares worth INR 1,250 crore, Golden Agri International Enterprises Pte Ltd was to sell shares to the tune of INR 750 crore, and Investment and Commercial Enterprise Pte was to divest shares worth INR 250 crore. In addition, shares to the tune of up to INR 225 crore was to have been offloaded by Alka Chowdhry and up to INR 25 crore by Pradeep Kumar Chowdhry.
From Venture Intelligence PE-VC Deals Database : In Oct'18, Gemini had raised INR 640 crores from Proterra Investment Partners via Black River Food 2 Pte Limited. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
