Prabhat Dairy

SAT quashes SEBI's order directing Prabhat Dairy to deposit Rs 1,292 crore

"The direction of the WTM to deposit a sum of Rs 1,292.46 crore is wholly arbitrary and has been passed without any application of mind," the tribunal said.

Prabhat Dairy and the curious case of what happened to Rs 1,300 crore

SEBI has passed an order on October 21, 2020, against the company asking it to deposit Rs 1,292.46 crore in an escrow account in a nationalized bank within seven working days

Prabhat Dairy share price up 13% even after SEBI asks it to deposit Rs 1,292 crore for not cooperating with auditor

In July, Sebi appointed Grant Thornton Bharat LLP as the forensic auditor to ascertain facts and circumstances of the company's statements for the financial years ending March 31, 2019 and March 31, 2020.

SEBI pulls up Prabhat Dairy for non-cooperation with auditor; asks it to deposit Rs 1,292 crore

The auditor was appointed to ascertain manipulation of books of accounts of the firm, misrepresentation of financials or business operations by the company, wrongful diversion of funds by promoters, directors or key managerial persons and business transfer and share purchase agreements.

Prabhat Dairy's Rs 1,700 crore deal with Lactalis under SEBI scanner

Prabhat Dairy had sold its fresh milk business to Lactalis in April 2019. In December 2019, it had applied for de-listing from stock exchanges.

Raymond's demerger gets a warm reception, proof this route remains an investor favourite

For shareholders, demergers have generally been positive due to value unlocking. Markets have reacted positively to such events

Prabhat Dairy mocks investors by delisting its share at nearly half the IPO price

Whatever happened to the money that was garnered by the sale of the company’s dairy business?

Prabhat Dairy plunges 10% after board nod to voluntary delisting of shares

Promoters currently hold 50.10 percent stake in the company, of which 59.88 percent is pledged with the lenders.

Prabhat Dairy zooms 20% as co considers delisting from exchanges

The stock has gained over 35 percent in the last three days, and this announcement came in as a topping on the cake resulting in the stock rocketing 20 percent.

Prabhat Dairy surges 5% on sale of subsidiary

At 0939 hrs, Prabhat Dairy was quoting Rs 82.05, up 4.99 percent on the BSE.

Prabhat Dairy locked in upper circuit for 2nd day in a row

As per the company's filing to exchange, promoters already pledged more than 2.02 crore equity shares (representing 20.77 percent of paid-up equity).

Prabhat Dairy jumps 2% on approval of merger with Cheese Land Agro

Prabhat Dairy jumped close to 3 percent intraday on Friday after the Board at its meeting held on February 13, 2019 considered and approved the Scheme of the Amalgamation and Arrangement.

Prabhat Dairy–Lactalis stake sale: Investors wary of deal transaction

The current transaction is routed through a subsidiary, so all proceeds (post capital gains tax) would come to the company and it remains to be seen whether it will be shared with shareholders.

Prabhat Dairy to sell flagship dairy biz to French firm for Rs 1,700 crore

The company has entered into definitive agreements with Tirumala Milk Products, a wholly-owned subsidiary of Lactalis, for the Rs 1,700-crore sale, said the statement.

Prabhat Dairy enters animal nutrition area, ropes in Danish company

The city-based company already supplies cattle feed under the brand Annapurna to diary farmers.

Prabhat Dairy tanks 17% after Tata Sons rejects proposal to buy company

After the initial sharp cut, Prabhat Dairy managed to recover from day's low of Rs 77, the lowest level since February 2016.

Prabhat Dairy eyes retail route to double revenues

The company is looking to expand the franchisee outlets of Prabhat Goodness Zones in Tier II and III towns of Maharashtra

Prabhat Dairy Q2 PAT seen up 65.8% YoY to Rs. 15.1 cr: ICICI Direct

Net Sales are expected to increase by 10.4 percent Y-o-Y (up 4.2 percent Q-o-Q) to Rs. 425.7 crore, according to ICICI Direct.

Prabhat Dairy Q1 profit up 91% at Rs 11 crore

Consolidated revenue also rose 7 percent to Rs 386 crore during April-June quarter of the ongoing financial year.

Prabhat Dairy Q1 PAT seen up 35.1% YoY to Rs. 7.9 cr: KR Choksey

Net Sales are expected to increase by 8.5 percent Y-o-Y (down 3.6 percent Q-o-Q) to Rs. 390.2 crore, according to KR Choksey.