Orkla India is a multi-category Indian food company. (Image: MTR Foods) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Orkla India Ltd. has raised Rs 499.60 crore from anchor investors on Tuesday, ahead of its initial public offering. The company allotted 68.43 lakh shares at Rs 100 apiece to 30 anchor investors.

Nippon Life India Trustee Ltd.- A/C Nippon India Small Cap Fund got the highest allocation of 12.19%. While Nomura Funds Ireland Public Ltd. Co.- Nomura Funds Ireland- India Equity Fund got the second highest allotment of 10.01%, Aditya Birla Sun Life Trustee Pvt. Ltd. A/C Aditya Birla Sun Life Consumption fund got 8.01% stake in the company.

Six domestic mutual funds have applied through 13 schemes, the owner of spices and condiments brands MTR and Eastern sai

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