Multinationals List India Subsidiaries Reviving IPOs

Norwegian consumer-goods firm Orkla and other multinationals have revived listings of India subsidiaries, with Orkla raising about ₹1,667 crore in an IPO in November last year and its shares trading at ₹591.25 on the BSE. Bankers at the Mint India Investment Summit said the surge reflects a larger domestic capital pool (growing from 10% to 23%), improving valuations, talent attraction and M&A opportunities.