Norway's Orkla ASA is said to be considering an IPO of its Indian business, which could raise up to $400 million. It is believed that the company may file for the IPO in Mumbai in the next quarter, with a target valuation of over $2 billion for the unit.

Orkla is currently working with advisers to navigate the share sale process, although the details of the offering in terms of size and timing are still uncertain. An Orkla spokesperson confirmed the company's interest in accessing the Indian capital market and stated that the preparations for the IPO are going well. A final decision on the matter is expected in 2025.