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Prabhat Dairy enters into definitive agreements with Tirumala Milk Products

23 Jan 2019 Evaluate

Prabhat Dairy has entered into definitive agreements with Tirumala Milk Products (Purchaser), a wholly owned subsidiary of French dairy multinational Groupe Lactalis, for the sale of its dairy business for a consideration of Rs 1,700 crore.

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.

Peers
Company Name CMP
Nestle India 1166.00
Varun Beverages 388.95
Britannia Industries 4569.30
LT Foods 374.85
Hatsun Agro Product 999.00
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