The move is aimed at increasing domestic supplies and bringing down prices of cooking oils.
Edelweiss Financial Services and ICICI Securities have been appointed as lead managers of the IPO.
Burman family has sold off its stake to raise funds for financing some of its ventures.
Speaking at the North Eastern Council's (NEC) 70th plenary meeting in Guwahati, Shah said that the merger process has already begun.
The Board of Directors of both companies have approved the combination of the plantation business of TCL with TBFL and the non-plantation business with TCPL through a composite scheme of arrangement for demerger and merger (“Schemeâ€).
SKMPL is mainly into procuring milk, manufacturing, and selling Dairy Products.
Mukunda is a food robotics company that designs and manufactures small robotic equipment to automate food preparation for restaurants.
The company acquired 11,214 CCPS and 10 equity shares of Adonmo and 1,259 CCPS and one equity share of UrbanPiper.
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