IPO for Rice Maker Amira Nature Foods (ANFI) Opens Flat

The IPO for Amira Nature Foods Ltd (NYSE: ANFI) opened a short time ago at $10, inline with the pricing of 9,000,000 ordinary shares at $10.00.

UBS Securities LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers of this offering. Jefferies & Company, Inc. is acting as lead manager and KeyBanc Capital Markets Inc. is acting as co-manager.

Founded in 1915, Amira has evolved into a leading global provider of packaged Indian specialty rice, with sales in over 40 countries today. Amira sells Basmati rice, premium long-grain rice grown only in certain regions of the Indian sub-continent, under their flagship Amira brand as well as under other third party brands. Amira sells its products primarily in emerging markets through a broad distribution network. Amira’s headquarters are in Dubai, United Arab Emirates and it also has offices in India, Malaysia, Singapore, the United Kingdom, and the United States.

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