Reserve Bank of India (RBI) has notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) in Parag Milk Foods has reached the trigger limit. Accordingly, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the RBI.
Parag Milk Foods is one of the leading manufacturers and marketers of dairy-based branded foods in India. It manufactures 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.
