Prabhat Dairy completed sale of shareholding in arm to Tirumala Products

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New Delhi, April 14, 2019: Prabhat Dairy, in its filing to the exchanges, informed that the company has finished offloading of its shareholding in its arm Sunfresh Agro Industries to Tirumala Products.

“The sale and transfer of company’s dairy products business by way of slump sale on a going concern basis to Sunfresh Agro Industries post completion of transfer of Sunfresh Agro Industries shares is successfully completed and closed on April 10, 2019,” the company said in a press note post markets hours to the exchanges on Thursday.

Prabhat Dairy Ltd’s share price ended at Rs78.90, up by Rs1.25 or 1.61%, from its previous close of Rs77.65 on the BSE according to the reports published in indiainfoline.com.
The scrip opened at Rs77.55 and touched a high and low of Rs78.90 and Rs76.50, respectively. A total of, 93,195 (NSE+BSE) shares have traded on the counter. The current market cap of the company is Rs763.34cr.

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