Heritage Foods has disposed off its entire holdings of 8,92,371 equity shares with a face value of Rs 5 each held in Praxis Home Retail. These above shares were sold through Stock Exchange in Open Market in various tranches and the net amount of Rs 3.94 crore was received by 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.