Viral Message Falsely Claims IPO-Bound HMA Agro Exports Cow Meat
By Mohammed Kudrati Viral posts on social media are falsely making claims that HMA Agro, a company that is bound for an initial public offering (IPO), is an exporter of cow meat. This is false, since the company exports buffalo meat. Further, the export of cow meat is banned in India. The company makes both these points clear through the Red Herring Prospecus made available through the Securities and Exchange Board of India (SEBI) towards the company's potential IPO. The fact that cow meat exports are banned in India has also been outlined as part of the government's trade policy. Further, the...