Promoters weigh IPO for Usha International

New Delhi: Krishna Shriram and other promoters of Usha International are weighing a public listing of the consumer durables company that traces its origins to pre-independent India, a company executive said.

Usha International was incubated at one of India's oldest conglomerates, Delhi Cloth and General Mills (DCM). "The move is aimed at supporting the company's next phase of growth and expansion," said the executive, but did not provide details of the likely size or timing of its potential initial public offering.