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Milky Mist secures Rs 482 crore from Temasek unit and resets IPO valuation to Rs 9300 crore

Milky Mist secures Rs 482 crore from Temasek unit and resets IPO valuation to Rs 9300 crore

Milky Mist Dairy Food Ltd, headquartered in Erode, has raised about Rs 482 crore in a structured pre-IPO round anchored by Jongsong Investments, an indirect Temasek unit. The deal sets a valuation floor near Rs 9,300 crore, far below the earlier Rs 20,000 crore target. With SEBI IPO approval already secured, funds will support debt repayment and manufacturing and new product expansion.

Summarised by Beize from a story on Know Startup on 7 May 2026
Milky Mist Dairy bags Rs 482 crore pre IPO backing from Temasek subsidiary Jongsong

Milky Mist Dairy bags Rs 482 crore pre IPO backing from Temasek subsidiary Jongsong

Milky Mist Dairy Food Ltd has raised about Rs 482 crore in a pre-IPO round led by Jongsong Investments, an indirect wholly-owned subsidiary of Temasek Holdings. The deal includes Rs 357 crore in primary capital and Rs 125 crore from promoter secondary sales. The round used CCPS at Rs 139.76 each, convertible on a 1:1 basis before listing, as the company gears for its Sebi-filed IPO.

Summarised by Beize from a story on YourStory on 4 May 2026

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Amit Shah hails Ladakhis sacrifice while pushing self reliant dairy growth on Buddha Purnima

Amit Shah hails Ladakhis sacrifice while pushing self reliant dairy growth on Buddha Purnima

Union Home Minister Amit Shah visited Leh for Buddha Purnima, praising Ladakhis for patriotism and sacrifice. He inaugurated dairy projects and urged faster development aligned with Prime Minister Modi’s push for a self-reliant Ladakh. Since becoming a Union Territory, Shah said the region has transformed, including greater administrative recognition for local languages, with dairy expansion now a key priority.

Summarised by Beize from a story on The Economic Times on 1 May 2026
Amit Shah inaugurates 10000 litres per day dairy plant in Kargil to raise farmer incomes

Amit Shah inaugurates 10000 litres per day dairy plant in Kargil to raise farmer incomes

Union Home Minister Amit Shah inaugurated a 10,000 litres per day dairy plant in Kargil and launched new dairy development measures for Ladakh. The package includes mobile milk testing labs and modern cooling systems, aimed at improving milk quality, strengthening self-reliance, and increasing incomes for local farmers across the Union Territory.

Summarised by Beize from a story on The Economic Times on 1 May 2026
Piyush Goyal says India has offered no dairy duty cuts under any FTA

Piyush Goyal says India has offered no dairy duty cuts under any FTA

Commerce and Industry Minister Piyush Goyal said India has not provided any tariff or duty concessions for the dairy sector under any free trade agreement to date. His statement covers FTAs with major partners including the European Union, the UK, Australia and New Zealand, signaling that dairy remains protected from preferential tariff reductions.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
Milk supply and prices hold steady as West Asia crisis rumbles across dairies, govt says

Milk supply and prices hold steady as West Asia crisis rumbles across dairies, govt says

The government says milk procurement, processing, and supply across India have stayed uninterrupted during the ongoing West Asia crisis. Officials report milk and milk product prices are stable, with no market supply disruptions. They also say payments to dairy farmers have continued throughout the crisis period, including during an inter-ministerial briefing.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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