Heritage Foods has disposed off its entire holdings/investment of 1,78,47,420 equity shares held in Future Retail. These shares were sold through Stock Exchange in Open Market in various tranches and the net amount of Rs 131.94 crore was received by the company. The above said proceeds shall be mainly utilised for the repayment of Term loans of the company.
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.
