Update: Market Chatter: KKR-backed Advanta Plans Possible India IPO to Raise $400 Million

05:59 AM EDT, 09/28/2026 (MT Newswires) -- (Updates with a response from KKR in the fourth paragraph.) KKR-backed (KKR) Advanta Enterprises has been meeting with investors ahead of a possible Indian initial public offering could raise as much as $400 million at a valuation of $4 billion, Bloomberg reported Monday, citing people familiar with the matter. The producer of seeds is considering launching an IPO as soon as November, the report said. Advanta, a unit of UPL, filed a draft prospectus in January and received regulatory approval in June, the report said. KKR declined to comment. Advanta did not immediately reply to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)