India Opportunities Growth Fund -Pinewood Strategy has sold 15 lakh shares of Parag Milk Foods through the open market route. The shares were sold on an average price of Rs 312.87 valuing the transaction to Rs 46.93 crore.
The company is one of the leading manufacturers and marketers of dairy-based branded foods in India. It commenced its business in 1992 with collection and distribution of milk and have now developed into a dairy-based branded consumer products company with an integrated business model, manufacturing a diverse range of products including cheese, ghee, fresh milk, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages targeting a wide range of consumer groups through several brands.
