Consumer & Retail
Veda Corporate Advisors acted as a corporate advisor to Milky Mist, one of the fastest growing packaged food companies in India, in connection with its investment of ₹482 crore from Temasek
About
Milky Mist
We are pleased to announce that our client, Milky Mist Dairy Food Limited (“Milky Mist”), has completed a private placement from Jongsong Investments Pte. Ltd., an indirect wholly owned subsidiary of Temasek Holdings (Private) Limited (“Temasek”), for an aggregate consideration of ₹357 crore.
Background
The transaction also involved a secondary sale by the Promoters of Milky Mist to Jongsong Investments Pte. Ltd. for an aggregate consideration of ₹125 crore (“Secondary Transfer” together with the private placement, “Transactions”).
Veda Corporate Advisors (“VedaCorp”) did not act as a merchant banker, arranger, or placement agent, and is not associated with, and does not have any role in, any proposed public offering of securities by the Company. VedaCorp has not provided any investment advice to any person in connection with the transaction and has not solicited or advised any investor in relation to the transaction.
The details of the transaction, including the identity of the investor(s) and other relevant information, are as disclosed by the Company vide its public announcement dated 1st May 2026 and available in the public domain.
This communication is for informational purposes only and is based solely on publicly available information. It does not constitute and should not be construed as an offer to sell or a solicitation of an offer to buy any securities, nor as any form of offering communication, recommendation, or endorsement.