Order in the matter of Prabhat Dairy Limited

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Last updated: 22 October 2020
Quick Summary
This interim order from the Securities and Exchange Board of India (SEBI) concerns Prabhat Dairy Limited (PDL). PDL's Board of Directors approved the sale of its wholly-owned subsidiary, Sunfresh Agro Industries Private Limited, to Tirumala Milk Products Private Limited for approximately ₹1227 Crore. Additionally, PDL's dairy product business was approved for sale to Sunfresh Agro for approximately ₹473 Crore.

Court :
SEBI

Brief :
Prabhat Dairy Limited (“PDL/Company”) is a company listed on BSE Limited (“BSE”) and National Stock Exchange of India (“NSE”). On January 21, 2019, PDL disclosed the following information to the Stock Exchanges:

Citation :
WTM/GM/CFD/ 41 /2019–20

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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