SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Prabhat Dairy’s promoters hike stake to 45.49%

15 Mar 2017 Evaluate

Prabhat Dairy’s promoters have increased their stake in the company by 4.57% to 45.49% through creeping acquisition in last two months. The Nirmal Family Trust, owned by the company’s promoters has acquired 44.72 lakh shares for about Rs 58 crore.

SEBI allows consolidation of holdings through creeping acquisition of 5% in a financial year by persons holding above 15% but below 55%.

The Nirmal Family Trust bought 15.97 lakh shares and 26.49 lakh shares at Rs 128.75 in two tranches on February 28 and followed it with purchase of 1.02 lakh shares for Rs 135.94 and 1.22 lakh shares for Rs 135.74 in two separate transactions on March 2.

Prabhat Dairy Share Price

99.75 0.00 (0.00%)
22-Apr-2021 18:01 View Price Chart
Peers
Company Name CMP
Varun Beverages 466.40
Nestle 1287.40
Britannia Inds 5701.55
LT Foods 415.75
Hatsun Agro Product 971.10
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×