News > MTR Foods owner Orkla to consider $400 million IPO of Indian business

MTR Foods owner Orkla to consider $400 million IPO of Indian business

An Orkla spokesman said the company is considering the possibility of accessing the Indian capital market. The company is assessing options and expects a conclusion on the matter to come during 2025. Orkla owns India’s MTR Foods, a maker of ready meals and spices, and Eastern Condiments, in which it bought a controlling stake in 2021. Several foreign firms are listing their Indian units to take advantage of the country’s rich valuations.