Prabhat Dairy has completed sale of the company's shareholding in its wholly owned step down subsidiary -- Sunfresh Agro industries (SAIPL) to Tirumala Milk Products. Further, the company has sold and transferred its dairy products business by way of slump sale on a going concern basis to SAIPL post completion of transfer of SAIPL shares is successfully completed and closed on April 10, 2019.
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.
