Mumbai, Sep 24: Kolkata-based Anmol Industries, which is a leading branded packaged food company focused on biscuits and cakes, Monday said it got approval from Sebi for a Rs 750-crore IPO. The company plans to raise Rs 750 crore the offer for sale which will be carried out by Baijnath Choudhary & Family Trust (Rs 720 crore), by SKG Land Developers LLP (Rs 22.5 crore, by Delta Nirman LLP (Rs 4 crore) and by Anmol Hi-Cool LLP and Puneet Mercantiles LLP the rest. Anmol is the fourth largest biscuit brand and the fifth largest cake brand in the country in terms of revenue. In the Eastern markets it ranks third across the biscuits segment and forth across the cakes segment in terms of revenue. ***************** Volkswagen Group sets up 3rd distribution centre at Chakan. Biscuit Maker Anmol Industries Planning IPO in 2018, Company Files Papers With Sebi.

The Volkswagen Group has strengthened its service footprint with the inauguration of a third regional distribution centre at Chakan in Pune.

The centre is spread over an 25,000 sqm and has been designed in co-operation with Volkswagen Worldwide, the company said Monday adding the centre will be under the administrative control of Volkswagen Group Sales India. ***************** Supraflex stent meets global standards: Study

Gujarat-based SMT (Sahajanand Medical Technologies), which is a leading stent manufacturer in the country, Monday claimed that its Supraflex, a cardiac drug eluting stent has successfully met global standards.

"An investigators-driven study conducted across seven countries with a sample size of 1,435 patients has found that Supraflex is at par with the global leader, Abbott's Xience," the company claimed in a statement. SEBI Allows Stock Exchanges to Extend Trading Hours for Equity Derivatives.

Supraflex has advanced features like biodegradable polymer and ultrathin strut (60m) thickness compared to 81 m strut thickness and biostable polymer coating of Xience, it said quoting the study. ***************** Spicejet announces four more flights Budget carrier Spicejet announced launch of four new direct flights in its domestic network from next month.

It will connect the temple town of Shirdi in Maharashtra with daily direct flights from Delhi, starting October 1, the company said. Besides, it will also introduced a new daily direct flight to Kanpur from Mumbai, effective October 8. The airline will also operate first direct flight on the Mumbai-Jaisalmer route from October 29 and third a direct flight on Mumbai-Kolkata route from November 1.

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