New Delhi, Sept. 30 -- Cremica Foods Industries, a packaged foods and condiment maker, has bought back a 35% stake held by institutional investor Kroll, clearing the way for a potential public listing next financial year as the company shifts away from a planned Rs.500 crore private fundraise.

Post the secondary transaction, about 90% of the company is owned by the family, with the remaining held by angel investors.

The company will now focus on appointing investment bankers for a listing that could value Cremica at between Rs.1,500 and Rs.2,000 crore, chairman and managing director Akshay Bector told Mint, without disclosing the value of Kroll's secondary exit.

The proposed listing comes as Cremica looks to expand its branded foods bu...