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.
