• Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us
Monday, March 27, 2023
Daw Rimiz
No Result
View All Result
  • Login
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
No Result
View All Result
DawRimiz
No Result
View All Result
Home Business

Prabhat Dairy gets shareholder nod for sale of its business to Lactalis

Donna Gilbert by Donna Gilbert
February 26, 2023
in Business
0
Prabhat Dairy gets shareholder nod for sale of its business to Lactalis

99 percent of public institutions voted against the resolution but the promoter group and non-institutional investors voted in favor

Prabhat Dairy has obtained shareholders’ nod to sell its dairy business to French firm Groupe Lactalis. The company on Thursday made the voting results public.

Article Summary show
READ ALSO
The inventory marketplace is rapidly dropping its largest driving force of profits as worldwide alternate tensions flare
Yes Bank inventory rate jumps 10% after falling to double digits for first time in 5 years

READ ALSO

The inventory marketplace is rapidly dropping its largest driving force of profits as worldwide alternate tensions flare

Yes Bank inventory rate jumps 10% after falling to double digits for first time in 5 years

The resolution for “sale of entire investments (equity and preference) in its subsidiary Sunfresh Agro Industries to Tirumala Milk Products and sale of dairy business undertaking of the company to Sunfresh Agro Industries and Tirumala Milk Products” obtained 92 percent votes in favor.

Proxy advisory firms had termed the resolution as controversial and recommended investors to vote against it.

Prabhat Dairy gets shareholder nod for sale of its business to Lactalis 1

Interestingly, 99 percent of public institutions voted against the resolution but the promoter group and non-institutional investors voted in favor. “While promoters were expected to vote in favor of the transaction, the resolution could have been defeated had all the public shareholders voted against it,” said a fund manager.

Sunfresh Agro and the dairy business of Prabhat collectively account for 98 percent of the company’s consolidated revenues. Some investors had raised concerns over the future of Prabhat Dairy after the sale of its dairy business, as it contributed to the bulk of its revenues.

“The company has not disclosed any future plans that how the company will proceed with remaining 2 percent business… How the company will survive/grow when almost nothing remains in the company,” proxy advisory firm Stakeholders Empowerment Services (SES) had said in a note.

Related Posts

The inventory marketplace is rapidly dropping its largest driving force of profits as worldwide alternate tensions flare
Stock

The inventory marketplace is rapidly dropping its largest driving force of profits as worldwide alternate tensions flare

March 26, 2023
Yes Bank inventory rate jumps 10% after falling to double digits for first time in 5 years
Stock

Yes Bank inventory rate jumps 10% after falling to double digits for first time in 5 years

March 26, 2023
Stocks dip into the crimson amid combined change alerts
Stock

Stocks dip into the crimson amid combined change alerts

March 26, 2023
One crushed-down Chinese tech stock might be at the verge of a breakout
Stock

One crushed-down Chinese tech stock might be at the verge of a breakout

March 26, 2023
Stock market replace: IT stocks dip; Mindtree down over 2%
Stock

Stock market replace: IT stocks dip; Mindtree down over 2%

March 26, 2023
Sebi fines 3 entities Rs 19 lakh for manipulative exchange in BSE inventory options section
Stock

Sebi fines 3 entities Rs 19 lakh for manipulative exchange in BSE inventory options section

March 26, 2023
Next Post
Arun Jaitley to present Business Standard Annual Awards today

Arun Jaitley to present Business Standard Annual Awards today

No Result
View All Result

Categories

  • Business
  • Care Services
  • Cleaning Services
  • Customer Service
  • Dessert
  • Diet
  • Drinks
  • Errand Services
  • Exercise
  • Fashion
  • Fast food
  • Fitness
  • Food
  • Gold
  • Health
  • Home Services
  • Kids
  • Lifestyle
  • Market
  • Money
  • Music
  • Office Services
  • Online Services
  • Recipe
  • Services
  • Sports
  • Stock
  • Technology
  • Transport Service
  • Travel
  • Writing Service

Recent Posts

  • The Truth About Men’s Fertility and Eating Junk Food
  • Sixteen of the arena’s finest kitchen devices – chosen by means of chefs
  • Digitizing Food Safety: Tracking The Supply Chain From Seed To Store
  • These corals pick out to devour plastic over meals
  • Mangaluru restaurant packages food with banana leaves after appeal via MLA
  • Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us

© 2021-2023 Dawrimiz All Rights Reserved Dawrimiz.

No Result
View All Result
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us

© 2021-2023 Dawrimiz All Rights Reserved Dawrimiz.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In