Temasek-backed Milky Mist targets $1.13 billion valuation in trimmed India IPO

Milky Mist Dairy Food has announced its IPO price band as it aims for a valuation exceeding one billion dollars. This move comes after a reduction in share volume due to pre-listing stake sales to Temasek. The funds raised will be utilized for debt repayment and enhancing its facilities. The company's shares are anticipated to debut on August eighteenth.