GEF, described by GAR as one of the leading and fastest-growing edible oils and fats companies in India, plans raise some 25 billion rupees worth of shares, or around US$333 million, via the proposed IPO.
Leading palm oil company Golden Agri-Resources plans to sell shares worth some US$100 million ($135 million) in the IPO of a subsidiary in India.
In an Aug 8 announcement, GAR said Gemini Edibles & Fats, its 56.27%-held indirect subsidiary, has on Aug 7 filed a draft prospectus with the National Stock Exchange of India for a proposed listing on the Bombay Stock Exchange.
