Spices
Spices manufacturer Pushp Brand is preparing to file draft papers for an initial public offering of more than Rs 1,000 crore. The Indore-based company known for its Pushp Masale brand intends a mix of fresh shares and an offer for sale. ICICI Securities and IIFL Capital Services are set to handle the issue.
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Cardamom prices in Addis Abeba have more than doubled in a week, reaching nearly 2,900 Br per kilogram. This surge, linked to illicit trade and policy uncertainties, has stunned shopkeepers and shoppers. Shelled cardamom now sells for up to 4,500 Br per kilogram.