Nepalese billionaire plans IPO for Wai Wai's India unit
Nepalese billionaire Binod Chaudhary, who built his fortune in the instant noodle industry, has announced plans to take the food division of his conglomerate, Chaudhary Group (CG), public in India by 2026. The Gurgaon-based firm is renowned for its popular Wai Wai noodles brand, which competes with Nestlé's Maggi and ITC's Yippee. This strategic move follows the launch of new products and the acquisition of smaller companies in the noodle sector, positioning CG for growth