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Heritage Foods divests entire holdings in Praxis Home Retail

05 Jan 2021 Evaluate

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.

Peers
Company Name CMP
Nestle India 1298.30
Varun Beverages 439.30
Britannia Industries 4780.00
LT Foods 405.55
Hatsun Agro Product 1141.25
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