Heritage Foods has received approval to sell/dispose off in part/total of 1,78,47,420 equity shares of Future Retail and 8,92,371 equity shares of Praxis Home Retail held by the Company, in one or more tranches through Open Market/appointed merchant banker/one or more buyer. The Board of Directors of the company at its meeting held on September 11, 2020 has approved the same.
Heritage Foods (India) operates three divisions namely Dairy, Retail and Agri. Presently, Heritage’s milk products have market presence in Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Maharastra and has retail stores across Bangalore, Chennai and Hyderabad.
