Prabhat Dairy said it will be selling its flagship dairy business for ₹ 1,700 crore to French multinational Groupe Lactalis.

Prabhat Dairy shares gained as much as 20 per cent to Rs 111.3, their highest intra-day gain since August 23, 2016.The dairy company will sell its dairy business to French dairy company, Groupe Lactal

At present, nearly 80 percent of Prabhat Dairy’s output is in the dairy product space. 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). Our core values of trust and integrity have helped us to be associated with various …

The amount is donated through Lactalis India’s group of companies - Prabhat Dairy, Anik Dairy & Thirumala Milk. Indian company Prabhat Dairy has agreed the sale of its dairy business to Tirumala Mill Products Private Limited, a wholly-owned subsidiary of Groupe Lactalis, for INR 1,700 crore ($239m). Prabhat Dairy is integrated milk and dairy products company in Maharashtra, India, catering to institutional and retail customers. Lactalis India, the India arm of Groupe Lactalis, a dairy group, has pledged INR One Crore to India’s PM CARES fund as a gesture of solidarity to the country’s fight against the global pandemic.

Ingredient business; Co-manufacturing; Happy cow story; Media & Communications; Contact Us; Home > Partners in progress > UHT Milk; Co-manufacturing. Lactalis’ local arm, Tirumala Milk Products, will acquire Prabhat’s dairy business as well as its step-down subsidiary Sunfresh Agro Industries through a share purchase agreement, it said in a statement. Naresh Kumar Puritipati has joined Lactalis India as the director-HR, taking over the mantle from Bruno Chevallier. 22 Jan, 2019, 12.04 AM IST Lactalis is a global leader within the dairy industry and is present across all the categories of this market with annual revenue of $21billion(USD). Mumbai: Prabhat Dairy has said it will be selling its flagship dairy business for Rs 1,700 crore to French multinational Groupe Lactalis. In 1933, André Besnier started up his cheese-making company.

Since then, the group, which adopted the more international name of Lactalis in 1999, has continued to expand rapidly.

Lactalis India group companies: Prabhat Dairy, Anik Dairy and Thirumala Milk together contributes Rs One crore to PM Care Funds and an additional Rs 50 lakh to support state administrations.

Prabhat dairy is a part of Lactalis group India since year 2019. Reporting to Rahul Kumar, MD, Lactalis India, Puritipati, in his new role, will be heading HR for the Lactalis India Group, which includes subsidiaries, such as Tirumala Milk Products, Anik industries and Prabhat Dairy. Lactalis seems to understand the industry as well as the market and are expanding to maintain their global leadership in the dairy industry. Lactalis, a French dairy products corporation, has entered into a definitive agreement to acquire Mumbai-based Prabhat Dairy’s milk processing business for about Rs 1,700 crore. Lactalis is a family-owned dairy group based in Laval (Mayenne), in the west of France. Vivek Nirmai, Joint Managing Director of Prabhat Dairy Limited, said “We are pleased to announce this agreement with Lactalis.

On the first day he collected 17 litres of milk and produced 35 camemberts: the Besnier company was in business. Prabhat Dairy has signed a definitive binding agreement with Tirumala Milk Products Pvt. PRABHAT DAIRY LIMITED : News, information and stories for PRABHAT DAIRY LIMITED | NSE India Stock Exchange: PRABHAT | NSE India Stock Exchange Goodness of Milk. French dairy major, Lactalis, has been on an acquisition spree since 2014, having acquired Indian dairy companies like Tirumala Dairy, Anik Industries, and most recently, Maharashtra-based Prabhat Dairy for Rs 1,700 crore. Lactalis to buy Prabhat Dairy business for Rs 1,700 crore. Puritipati brings with him […] Who moved my milk: Prabhat Dairy and the ‘business disappearing’ risk Read more about Prabhat Dairy hits 52-week low as firm to sell milk business to Lactalis on Business Standard. Prabhat Dairy said it will be selling its flagship dairy business for ₹ 1,700 crore to French multinational Groupe Lactalis. Prabhat dairy has got a good valuation for its business, and it would ideal to give a buyback option to its minority shareholders (which is less than 3%).

In an official statement released here, Prabhat said it will be sharing a "substantial proportion" of the sale proceeds with its shareholders and will focus on the cattle feed business after the close of the transaction. Who moved my milk: Prabhat Dairy and the ‘business disappearing’ risk For the past 20 years, Prabhat …

Lactalis India’s two other Indian acquisitions, Tirumala Dairy and Anik Industries, have a milk-to-product ratio of 85:15 and 50:50, respectively. Lactalis India, the India arm of Groupe Lactalis, world’s largest dairy group has pledged Rupees One Crore to India’s PM Care fund as a gesture […]

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