Delisting

Prabhat Dairy will be delisted from BSE and NSE on April 30, while trading in its equity shares will be discontinued from April 23, the exchanges said

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Tribunal asks the company to deposit Rs 500 cr in separate escrow account within 10 days

Sebi order directing the company to set aside Rs 1,292 crore throws light on key steps taken by both BSE and NSE, which led to a forensic audit at the company

Prabhat Dairy stock up 20% on delisting plans; promoters to buy back shares

A board meet has been planned on Tuesday to discuss the delisting proposal

Milk, products, dairy

99 per cent public institutions voted against the resolution but the promoter group and non-institutional investors voted in favour

cow, milk, dairy

The proxy advisory firm has highlighted that Sunfresh Agro and dairy business of Prabhat collectively account for 98.4% of its consolidated revenues

Prabhat Dairy

The stock hit a 52-week low of Rs 78.15, down 16 per cent, falling 30 per cent from its intra-day high of Rs 111 on the National Stock Exchange (NSE).

Prabhat will now focus on its cattle field and animal genetics business with the sale of its dairy business

milk

The company has entered into agreements with Tirumala Milk Products, a wholly-owned subsidiary of Lactalis.

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Prabhat Dairy has signed joint development agreement with Denmark-based DLG, a major in high-quality vitamin- mineral feeds to drive its diversification.

With the capacity utilisation set to grow in the coming years, Prabhat Dairy Ltd is expecting its B2C products to form 50 per cent of its total business by 2020 as against current 30 per cent.  Prabhat Dairy's B2C products include liquid milk, cheese, paneer, curd and the recently launched ice-cream which it sells through retail outlets and modern trade. However, as of now, 70 per cent of its business comes from B2B where it supplies products to players like Mondelez, Abbott, Parle, Nestle and Future Group among others."Currently, our cheese plant is running at a 20 per cent capacity, though we are the third largest cheese manufacturer. We are expecting higher capacity utilisation of our products in the coming days where share of value added products will continue to grow. Our aim is that by 2020, 50 per cent of our business should come from B2C segment such as liquid milk, ghee, curd, paneer, cheese, and ice-cream products," said Vivek Nirmal, joint managing director, Prabhat Dairy ..

Prabhat Dairy

Prabhat Dairy to be delisted from BSE and NSE on April 30

Relief for Prabhat Dairy as SAT quashes Sebi order to deposit Rs 1,292 cr

Exchanges bare fangs as first-stop regulators, nix Prabhat Dairy delisting

Prabhat Dairy stock up 20% on delisting plans; promoters to buy back shares

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

Proxy firm asks shareholders to vote against Prabhat's sale of dairy biz

Prabhat Dairy hits 52-week low as firm to sell milk business to Lactalis

French firm's Indian unit buys Prabhat's dairy business for Rs 1,700 crore

Prabhat to sell flagship dairy business to French firm for Rs 1,700 cr

Prabhat Dairy to enter animal nutrition business, partners Danish firm

Prabhat Dairy eyes 50% business from B2C products by 2020