Parag Milk Foods looks to raise Rs600 crore via IPO. The Pune-based company is said to be in the process of finalizing its merchant bankers over the next two weeks.Pooja Sarkar. Parag Milk Foods sells its products under the Gowardhan, Go and Pride of Cows brands, and has a capacity of one million litres per day.Mumbai: Parag Milk Foods Pvt. Ltd, a dairy company based in Pune, is looking to raise up to Rs.600 crore through an initial public offering (IPO), according to two people directly familiar with the development.5 crore in Parag in 2008 through its India Business Excellence Fund for an undisclosed stake. In December last year, Parag Milk Foods raised $15 million as a loan facility from International Finance Corp. (IFC), a member of the World Bank Group.
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