Prabhat Dairy shines on getting approval on the market of shareholding in SAIPL

Prabhat Dairy shines on getting approval on the market of shareholding in SAIPL

by admin- Tuesday, January 22nd, 2019 04:05:52 PM

Prabhat Dairy is presently buying and selling at Rs. 111.Sixty five, up by way of 18.60 points or 19.Ninety nine% from its preceding closing of Rs. 93.05 on the BSE.

The scrip opened at Rs. 111.Sixty five and has touched a high and low of Rs. 111.65 and Rs. 106.15 respectively.

The BSE organization ‘B’ inventory of face cost Rs. 10 has touched a fifty two week high of Rs. 241.00 on 24-Jan-2018 and a fifty two week low of Rs. Seventy seven.00 on 03-Dec-2018.

Last one week excessive and occasional of the scrip stood at Rs. 111.Sixty five and Rs. Ninety.Sixty five respectively. The modern marketplace cap of the employer is Rs. 908.88 crore.

The promoters maintaining in the organization stood at 50.10%, at the same time as Institutions and Non-Institutions held eleven.88% and 38.02% respectively.

Prabhat Dairy has acquired approval for sale of the employer’s shareholding in its completely owned step down subsidiary, Sunfresh Agro industries (SAIPL) to Tirumala Milk Products upon terms and conditions contained in the share purchase agreement being entered into by means of the Company and Cheese Land Agro (India) a completely owned subsidiary of the Company, hereinafter called CAIPL. The Board of Directors of the Company at its meeting hung on January 21, 2019 has authorised the identical.

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