Cremica Foods buys back Kroll stake, plans IPO at ₹2,000 crore valuation
Cremica Foods repurchased a 35% stake from Kroll, paving the way for an IPO next financial year, valuing the company at ₹1,500-2,000 crore. With this buyback, the Bector family now owns about 90% of Cremica, which expects ₹450 crore in sales this fiscal year. The company aims to appoint investment bankers for the listing soon.