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Foreign investors can hike stake in Parag Milk Foods to 40%

05 Oct 2017 Evaluate

The Reserve Bank of India (RBI) has given approval for foreign investors to hike their stake in Parag Milk Foods to 40% from the existing limit of 24%. The investment limit for Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) in the company has increased to 40% of its paid up capital.

Parag Milk Foods is a largest private dairy company. They have their own manufacturing facility with state of art technologies. Their manufacturing facilities are strategically located at Manchar, Maharashtra and Palamaner, Andhra Pradesh.


Peers
Company Name CMP
Nestle India 1321.05
Varun Beverages 440.65
Britannia Industries 4783.80
LT Foods 417.85
Hatsun Agro Product 1147.50
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