Prabhat Dairy has received approval for sale of the company's shareholding in its wholly owned step down subsidiary, Sunfresh Agro industries (SAIPL) to Tirumala Milk Products upon terms and conditions contained in the share purchase agreement being entered into by the Company and Cheese Land Agro (India) a wholly owned subsidiary of the Company, hereinafter referred to as CAIPL. The Board of Directors of the Company at its meeting held on January 21, 2019 has approved the same.
Prabhat Dairy produces milk and milk products in India. It processes and offers skimmed milk powder, whole milk powder, sweetened condensed milk, concentrated milk, cow ghee, dairy whitener, and pasteurized milk in poly pouches.
